Prologis (NYSE: PLD) director adds shares via deferred units
Rhea-AI Filing Summary
Prologis director Avid Modjtabai increased her equity-based holdings through compensation-related awards and conversions. She acquired 1,984 shares of common stock on April 28, 2026 by converting deferred stock units and dividend equivalent units that had been deferred under the Prologis Nonqualified Deferred Compensation Plan.
On the same date, she received a new grant of 1,695 Deferred Stock Units, which will generally remain deferred until April 28, 2029 and earn dividend equivalent units. After these transactions, she directly holds 22,645 shares of common stock and 6,276.6178 deferred stock units and related dividend equivalent units, all convertible into common stock on a 1-for-1 basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,984 shares
Net Buy
3 txns
Insider
Modjtabai Avid
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units and Dividend Equivalent Units-NQDC | 1,984.5492 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units-NQDC | 1,695 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,984 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units and Dividend Equivalent Units-NQDC — 4,581.6178 shares (Direct);
Deferred Stock Units-NQDC — 6,276.6178 shares (Direct);
Common Stock — 22,645 shares (Direct)
Footnotes (2)
- 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). Original grant terms provided for release of shares on the earlier of (a) the third anniversary of the Grant Date (May 4, 2023) or (b) the first annual meeting of the stockholders of Prologis. Shares were released on April 28, 2026. DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis and have no exercise price or expiration date.
- F2. Deferred Stock Units (DSUs) granted April 28, 2026, which vest 100% on the earlier of the first anniversary of the grant date, or the first annual meeting of the stockholders of Prologis that occurs after the grant date, and generally, are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 28, 2029. DSUs earn dividend equivalent units (DEUs) when dividends are paid with respect to Prologis common stock and have no exercisable or expiration date. DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis. Balance in column 9 includes DSUs and DEUs.
Key Figures
Common shares acquired: 1,984 shares
New Deferred Stock Units granted: 1,695 units
Common shares held after transactions: 22,645 shares
+3 more
6 metrics
Common shares acquired
1,984 shares
Conversion of deferred stock and dividend equivalent units on April 28, 2026
New Deferred Stock Units granted
1,695 units
DSUs granted April 28, 2026 under the NQDC Plan
Common shares held after transactions
22,645 shares
Direct Prologis common stock ownership following Form 4 transactions
Deferred units balance after grant
6,276.6178 units
DSUs and DEUs held after the April 28, 2026 DSU grant
Deferred units balance after conversion
4,581.6178 units
Deferred Stock Units and Dividend Equivalent Units remaining after 1,984.5492-unit conversion
Converted deferred units
1,984.5492 units
Deferred Stock Units and Dividend Equivalent Units converted into common stock
Key Terms
Deferred Stock Units (DSUs), Dividend Equivalent Units (DEUs), Nonqualified Deferred Compensation Plan, 1-for-1 basis
4 terms
Deferred Stock Units (DSUs) financial
"Deferred Stock Units (DSUs) granted April 28, 2026, which vest 100% on the earlier..."
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.
Dividend Equivalent Units (DEUs) financial
"DSUs earn dividend equivalent units (DEUs) when dividends are paid with respect to Prologis common stock..."
Nonqualified Deferred Compensation Plan financial
"were 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.
1-for-1 basis financial
"DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Prologis (PLD) director Avid Modjtabai report?
Director Avid Modjtabai reported compensation-related acquisitions. She converted 1,984 deferred stock and dividend equivalent units into common shares and received 1,695 new Deferred Stock Units that will remain deferred and earn dividend equivalents before later converting into Prologis common stock.
What Deferred Stock Units did Prologis (PLD) grant to Avid Modjtabai?
On April 28, 2026, Prologis granted Avid Modjtabai 1,695 Deferred Stock Units. These units vest 100% on the earlier of the first anniversary of the grant date or the first subsequent annual stockholder meeting and are generally deferred until April 28, 2029 under the NQDC Plan.
How do Prologis (PLD) Deferred Stock Units and Dividend Equivalent Units work?
Deferred Stock Units and Dividend Equivalent Units convert into Prologis common stock on a 1-for-1 basis. They have no exercise price or expiration date and earn additional dividend equivalent units whenever Prologis pays dividends on its common stock, increasing the eventual share count delivered.
Was Avid Modjtabai’s Prologis (PLD) Form 4 an open-market stock purchase or sale?
The Form 4 shows no open-market purchases or sales. All reported activity reflects an exercise or conversion of deferred stock units and dividend equivalent units into 1,984 common shares, plus a grant of 1,695 new Deferred Stock Units as part of Prologis’s compensation programs.