Prologis (NYSE: PLD) director awarded 211 dividend equivalent units
Rhea-AI Filing Summary
OCONNOR DAVID P reported acquisition or exercise transactions in this Form 4 filing.
Prologis, Inc. director David P. O'Connor received 211.3144 Dividend Equivalent Units (DEUs) linked to Deferred Stock Units (DSUs) under the company’s Nonqualified Deferred Compensation Plan. These DEUs accrue at the Prologis common stock dividend rate and represent deferred stock-based compensation, not a cash purchase or sale.
The DEUs and underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholders meeting, generally in May each year. Payment occurs in Prologis common stock on a one-for-one basis per DSU or DEU, and the reported balance of 26,315.5603 units includes both DSUs and DEUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OCONNOR DAVID P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Units - NQDC | 211.3144 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Units - NQDC — 26,315.5603 shares (Direct)
Footnotes (1)
- F1. Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is deferred along with the underlying DSUs. DSUs and DEUs are paid in the form of Prologis common stock at the rate of one common share per DSU or DEU. Balance in column 9 includes DSUs and DEUs.
Key Figures
Dividend Equivalent Units granted: 211.3144 units
Transaction price per unit: $0.0000
Total DSUs and DEUs after transaction: 26,315.5603 units
+1 more
4 metrics
Dividend Equivalent Units granted
211.3144 units
DEUs earned on DSUs for current board service on NQDC Plan
Transaction price per unit
$0.0000
Grant/award acquisition of DEUs, no cash consideration
Total DSUs and DEUs after transaction
26,315.5603 units
Balance includes both Deferred Stock Units and Dividend Equivalent Units
Underlying common stock equivalence
211.3144 shares
Each DEU corresponds to one Prologis common share upon payment
Key Terms
Dividend Equivalent Units (DEUs), Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, vest 100%, +1 more
5 terms
Dividend Equivalent Units (DEUs) financial
"Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs)"
Deferred Stock Units (DSUs) financial
"earned on Deferred Stock Units (DSUs) associated with current service on our board"
Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.
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.
vest 100% financial
"DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary"
paid in the form of Prologis common stock financial
"DSUs and DEUs are paid in the form of Prologis common stock at the rate of one common share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Prologis (PLD) director David P. O'Connor report in this Form 4?
David P. O'Connor reported receiving 211.3144 Dividend Equivalent Units (DEUs) tied to Deferred Stock Units. These awards are stock-based compensation accrued under Prologis’ Nonqualified Deferred Compensation Plan, rather than an open-market share purchase or sale.
What are Dividend Equivalent Units (DEUs) for Prologis (PLD)?
Dividend Equivalent Units are bookkeeping entries that mirror dividends on Deferred Stock Units at the Prologis common stock dividend rate. Over time they accumulate and are paid in Prologis common shares, one share for each DSU or DEU, when distribution occurs.
How many total Deferred Stock Units and Dividend Equivalent Units does the Prologis (PLD) director hold after this transaction?
After this transaction, the reported balance is 26,315.5603 units, including both Deferred Stock Units and Dividend Equivalent Units. This figure reflects the director’s deferred stock-based compensation position under the Prologis Nonqualified Deferred Compensation Plan.
When do the Prologis (PLD) DSUs and DEUs reported here vest?
The DSUs and related DEUs vest 100% on the earlier of the first anniversary of the grant date or the first annual Prologis stockholders meeting after the grant date, which generally occurs in May each year under the plan’s terms.
Will the Prologis (PLD) director receive cash or stock for these DEUs?
These awards are paid in Prologis common stock, not cash. Each Deferred Stock Unit or Dividend Equivalent Unit converts into one share of Prologis common stock when distributions are made under the Nonqualified Deferred Compensation Plan.