Prologis director receives stock, covers tax with shares
Prologis, Inc. director Olivier Piani reported routine equity compensation and related tax withholding.
Rhea-AI Filing Summary
Prologis, Inc. director Olivier Piani reported routine equity compensation and related tax withholding. On April 28, 2026, he received 1,984 shares of common stock at no cost and 1,695 Deferred Stock Units (DSUs) under the company’s Nonqualified Deferred Compensation Plan.
Existing DSUs and Dividend Equivalent Units totaling 1,984.5492 units were converted on a 1-for-1 basis into common shares, and 595 shares were withheld to cover tax liabilities. After these transactions, Piani directly holds 11,729 shares of common stock and 6,276.6178 DSUs and dividend equivalent units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,984.5492 shares exercised/converted
Exercise
4 txns
Insider
Piani Olivier
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 |
| Grant/Award | Common Stock | 1,984 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 595 | $141.53 | $84K |
Holdings After Transaction:
Deferred Stock Units and Dividend Equivalent Units-NQDC — 4,581.6178 contracts (Direct);
Deferred Stock Units-NQDC — 6,276.6178 contracts (Direct);
Common Stock — 11,729 shares (Direct)
Footnotes (3)
- 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. Shares withheld for payment of the tax liability associated with the receipt of common stock acquired upon the vesting of the Deferred Stock Units (DSUs) referenced in Table II.
- F3. 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 granted: 1,984 shares
Shares withheld for taxes: 595 shares
Deferred Stock Units granted: 1,695 units
+4 more
7 metrics
Common shares granted
1,984 shares
Awarded at $0.00 per share on April 28, 2026
Shares withheld for taxes
595 shares
Withheld at $141.53 per share for tax liability
Deferred Stock Units granted
1,695 units
DSUs granted April 28, 2026 under NQDC Plan
Deferred units converted
1,984.5492 units
DSUs and DEUs converted 1-for-1 into common stock
Common shares after transactions
12,324 shares
Direct Prologis common stock holdings post-transaction
Deferred units after transactions
6,276.6178 units
DSUs and DEUs balance after reported activity
Implied tax price per share
$141.53/share
Value used for 595 shares withheld for tax
Key Terms
Deferred Stock Units (DSUs), Dividend Equivalent Units (DEUs), Nonqualified Deferred Compensation Plan, tax-withholding disposition, +1 more
5 terms
Deferred Stock Units (DSUs) financial
"Deferred Stock Units (DSUs) granted April 28, 2026, which vest 100% on the earlier of the first anniversary of the grant date..."
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
"Deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 28, 2029."
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.
tax-withholding disposition financial
"Shares withheld for payment of the tax liability associated with the receipt of common stock..."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
1-for-1 basis financial
"DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Prologis (PLD) director Olivier Piani report?
Olivier Piani reported equity compensation and a related tax withholding. He received 1,984 Prologis common shares and 1,695 Deferred Stock Units, while 595 shares were withheld to pay taxes from the vesting of previously deferred units.
Were any of Olivier Piani’s Prologis (PLD) transactions open-market buys or sells?
None of the reported transactions were open-market trades. The filing shows equity awards, a conversion of deferred units into common shares, and 595 shares withheld to cover tax liabilities associated with vesting, which is an administrative disposition rather than a discretionary market sale.
What are Deferred Stock Units (DSUs) in the Prologis (PLD) Form 4 filing?
Deferred Stock Units are share-based awards credited under Prologis’s Nonqualified Deferred Compensation Plan. DSUs and related Dividend Equivalent Units convert into Prologis common stock on a 1-for-1 basis upon vesting or specified distribution dates, with no exercise price or expiration date.
When will the newly granted Prologis (PLD) Deferred Stock Units to Olivier Piani vest?
The 1,695 Deferred Stock Units granted to Olivier Piani on April 28, 2026 vest 100% on the earlier of the first anniversary of the grant date or the first Prologis annual stockholder meeting after that date, then are generally deferred until April 28, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
