Prologis (PLD) director boosts equity through deferred stock unit grant and conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prologis, Inc. director Lydia H. Kennard reported compensation-related equity activity. She acquired 1,984 shares of Prologis common stock through the conversion of deferred stock units and dividend equivalent units under the company’s nonqualified deferred compensation plan, bringing her direct common stock holdings to 34,413 shares.
She also received a grant of 1,695 new deferred stock units on April 28, 2026. After these transactions, she holds 6,276.6178 deferred stock units and related dividend equivalent units, which are convertible into Prologis common stock on a 1-for-1 basis under the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,984.549 shares exercised/converted
Mixed
3 txns
Insider
KENNARD LYDIA H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units and Dividend Equivalent Units-NQDC | 1,984.549 | $0.00 | -- |
| Grant/Award | Deferred Stock Units-NQDC | 1,695 | $0.00 | -- |
| Exercise | Common Stock | 1,984 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units and Dividend Equivalent Units-NQDC — 4,581.618 shares (Direct, null);
Deferred Stock Units-NQDC — 6,276.618 shares (Direct, null);
Common Stock — 34,413 shares (Direct, null)
Footnotes (1)
- 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. 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 via conversion: 1,984.5492 shares
New deferred stock unit grant: 1,695 units
Common shares held after transaction: 34,413 shares
+1 more
4 metrics
Common shares acquired via conversion
1,984.5492 shares
Conversion of deferred stock and dividend equivalent units on April 28, 2026
New deferred stock unit grant
1,695 units
Deferred stock units granted April 28, 2026
Common shares held after transaction
34,413 shares
Direct Prologis common stock holdings after April 28, 2026 conversion
Deferred and dividend equivalent units held
6,276.6178 units
Deferred stock and dividend equivalent units after April 28, 2026 grant
Key Terms
Deferred Stock Units (DSUs), Dividend Equivalent Units (DEUs), Nonqualified Deferred Compensation Plan, Exercise or conversion of derivative security, +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"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transactions did Prologis (PLD) director Lydia H. Kennard report?
Lydia H. Kennard reported acquiring shares via deferred compensation. She converted 1,984.5492 deferred stock and dividend equivalent units into Prologis common stock and received a new grant of 1,695 deferred stock units, all as part of the company’s nonqualified deferred compensation plan.
What deferred stock unit awards did Lydia H. Kennard receive from Prologis (PLD)?
On April 28, 2026, she received a grant of 1,695 deferred stock units. These units vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholder meeting after that date and are generally deferred until April 28, 2029.
How do Prologis (PLD) deferred stock units and dividend equivalent units work for this director?
The deferred stock units and dividend equivalent units convert into Prologis common stock on a 1-for-1 basis. They are granted and deferred under the company’s nonqualified deferred compensation plan, earn dividend equivalents when dividends are paid, and have no exercise price or expiration date.
How many Prologis (PLD) deferred stock and dividend equivalent units does Lydia H. Kennard now hold?
Following the April 28, 2026 grant, Lydia H. Kennard holds 6,276.6178 deferred stock units and dividend equivalent units. These units are convertible into an equal number of Prologis common shares under the company’s nonqualified deferred compensation plan rules described in the Form 4 footnotes.