Prologis (PLD) director Slusser adds dividend equivalent units to deferred stock
Rhea-AI Filing Summary
Slusser Sarah A reported acquisition or exercise transactions in this Form 4 filing.
Prologis, Inc. director Sarah A. Slusser received 18.9055 Dividend Equivalent Units (DEUs) tied to Deferred Stock Units under the company’s Nonqualified Deferred Compensation Plan. These awards mirror Prologis common stock dividends and are paid later in common shares, bringing her total deferred DEUs/DSUs position to 2,354.3531 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Slusser Sarah A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Units-NQDC | 18.9055 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Units-NQDC — 2,354.3531 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: 18.9055 units
Total DEUs/DSUs after grant: 2,354.3531 units
Grant price: $0.0000 per unit
3 metrics
Dividend Equivalent Units granted
18.9055 units
DEUs earned on DSUs for board service
Total DEUs/DSUs after grant
2,354.3531 units
Deferred balance including DSUs and DEUs
Grant price
$0.0000 per unit
Compensation award, no cash paid by director
Key Terms
Dividend Equivalent Units (DEUs), Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, vest 100%
4 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Prologis (PLD) director Sarah A. Slusser report in this Form 4?
Sarah A. Slusser reported receiving 18.9055 Dividend Equivalent Units as a compensation-related award. These units are linked to previously granted Deferred Stock Units and reflect dividends paid on Prologis common stock rather than an open-market share purchase or sale.
What are Dividend Equivalent Units (DEUs) in Prologis (PLD) filings?
Dividend Equivalent Units represent credits earned on Deferred Stock Units at the Prologis common stock dividend rate. Instead of paying cash, the company credits additional units, which are later settled in Prologis common stock on a one-for-one share basis when the deferred units are paid.
How and when do Sarah A. Slusser’s DEUs and DSUs in Prologis (PLD) vest?
The DEUs and the underlying Deferred Stock Units vest 100% on the earlier of the first anniversary of the grant date or the first Prologis annual stockholders’ meeting after the grant date. This schedule aligns vesting with board service and annual shareholder governance events.
How are Prologis (PLD) DEUs and DSUs paid to directors?
DEUs and Deferred Stock Units are ultimately paid in Prologis common stock, at one share per unit. The receipt of DEUs is deferred along with the underlying DSUs, so directors receive shares at a later date instead of current cash or current stock delivery.
What is Sarah A. Slusser’s total deferred DEU/DSU balance with Prologis (PLD)?
After this award, her deferred balance in the Nonqualified Deferred Compensation Plan is 2,354.3531 units. This total includes both previously granted Deferred Stock Units and accumulated Dividend Equivalent Units, all ultimately payable in Prologis common stock on a one-for-one basis.