Prologis director converts deferred units to stock
Prologis, Inc. director Irving F. Lyons III reported a compensation-related conversion of deferred awards rather than an open-market trade.
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Form Type
4
Rhea-AI Filing Summary
Prologis, Inc. director Irving F. Lyons III reported a compensation-related conversion of deferred awards rather than an open-market trade. On April 28, 2026, he converted 43,830.3114 Deferred Stock Units and Dividend Equivalent Units into 43,825 shares of common stock on a 1-for-1 basis under the company’s Nonqualified Deferred Compensation Plan. The filing lists a transaction price of $141.53 per share for the common stock. Following the conversion, he directly holds 43,825 common shares and indirectly holds 1,000 shares in the Katherine Ashley Lyons Trust and 22,431 shares in The Lyons Family Trust (CP). Fractional units were settled in cash.
Insider Trade Summary
43,830.3114 shares exercised/converted
Exercise
4 txns
Insider
LYONS IRVING F III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units and Dividend Equivalent Units-NQDC | 43,830.3114 | $0.00 | $0.00 |
| Conversion | Common Stock | 43,825 | $141.53 | $6.20M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units and Dividend Equivalent Units-NQDC — 0 contracts (Direct);
Common Stock — 43,825 shares (Direct);
Common Stock — 22,431 shares (Indirect, The Lyons Family Trust (CP));
Common Stock — 1,000 shares (Indirect, Katherine Ashley Lyons Trust)
Footnotes (1)
- F1. Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). Mr. Lyons retired from our board on April 28, 2026. The DSUs and DEUs convert into Prologis common stock on a 1-for1 basis, and have no exercise price or expiration date. The difference in shares represents cummulative fractional shares which have been converted to a cash payout.
Key Figures
Common shares acquired: 43,825 shares
Deferred units converted: 43,830.3114 units
Transaction price per share: $141.53/share
+3 more
6 metrics
Common shares acquired
43,825 shares
Shares received from conversion of deferred units on April 28, 2026
Deferred units converted
43,830.3114 units
Deferred Stock Units and Dividend Equivalent Units under NQDC Plan
Transaction price per share
$141.53/share
Price listed for common stock received in the Form 4
Direct holdings after conversion
43,825 shares
Total Prologis common stock held directly following the transaction
Katherine Ashley Lyons Trust holdings
1,000 shares
Indirect Prologis common stock held via trust
The Lyons Family Trust (CP) holdings
22,431 shares
Indirect Prologis common stock held via family trust
Key Terms
Deferred Stock Units, Dividend Equivalent Units, Nonqualified Deferred Compensation Plan, derivative security
4 terms
Deferred Stock Units financial
"Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Dividend Equivalent Units financial
"Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Nonqualified Deferred Compensation Plan financial
"Deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan)"
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Irving F. Lyons III report in his latest Form 4 for Prologis (PLD)?
He reported a conversion of deferred stock units and dividend equivalent units into Prologis common stock, not an open-market trade. The filing shows 43,830.3114 units converting into 43,825 common shares, with any small fractional difference paid out in cash.
Was Irving F. Lyons III’s Prologis (PLD) Form 4 a market buy or sell?
The Form 4 did not report any open-market buys or sells. Instead, it disclosed a conversion of deferred compensation units into common shares, a routine, non-cash event associated with the company’s Nonqualified Deferred Compensation Plan and his retirement from the board.
What indirect Prologis (PLD) holdings does Lyons report in trusts?
Lyons reports indirect ownership of Prologis common stock through two trusts. The filing lists 1,000 shares held by the Katherine Ashley Lyons Trust and 22,431 shares held by The Lyons Family Trust (CP), both categorized as indirect ownership interests.
What is the role of the Nonqualified Deferred Compensation Plan in this Prologis (PLD) filing?
The Nonqualified Deferred Compensation Plan allowed Lyons to defer compensation into Deferred Stock Units and Dividend Equivalent Units. Upon his retirement from the board, these units converted into Prologis common stock on a 1-for-1 basis with no exercise price or expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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