Prologis (PLD) director Avid Modjtabai awarded 52.7 dividend units
Rhea-AI Filing Summary
Prologis, Inc. director Avid Modjtabai received a grant of 52.7265 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 convert into common shares on a one-for-one basis with the underlying DSUs.
Following this routine compensation-related acquisition, Modjtabai’s reported balance of DSUs and DEUs increased to 6,566.1670 units. The DEUs and DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholder meeting after the grant date, with receipt deferred until payout in Prologis common stock.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Modjtabai Avid
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Units - NQDC | 52.7265 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Units - NQDC — 6,566.167 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: 52.7265 units
Total DSUs and DEUs after transaction: 6,566.1670 units
Conversion rate: 1 share per DSU or DEU
3 metrics
Dividend Equivalent Units granted
52.7265 units
Grant/award acquisition on dividend equivalents
Total DSUs and DEUs after transaction
6,566.1670 units
Balance in column 9 including DSUs and DEUs
Conversion rate
1 share per DSU or DEU
Payout in Prologis common stock
Key Terms
Dividend Equivalent Units (DEUs), Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, Prologis common stock dividend rate
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.
Prologis common stock dividend rate financial
"DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Prologis (PLD) director Avid Modjtabai report?
Avid Modjtabai reported acquiring 52.7265 Dividend Equivalent Units as a compensation grant. These units are tied to Deferred Stock Units under Prologis’ Nonqualified Deferred Compensation Plan and will be paid in Prologis common stock on a one-for-one basis after vesting and deferral.
What are Dividend Equivalent Units (DEUs) in the Prologis (PLD) Form 4 filing?
Dividend Equivalent Units are credits earned on Deferred Stock Units at the Prologis common stock dividend rate. They mirror dividends paid on Prologis shares and are ultimately settled in Prologis common stock at one share per DEU, alongside the related Deferred Stock Units.
How and when do the Prologis (PLD) DSUs and DEUs for Avid Modjtabai vest?
The DSUs and associated DEUs vest 100% on the earlier of two dates. Vesting occurs on the first anniversary of the grant date or at the first annual meeting of Prologis stockholders after the grant date, which is generally held in May each year.
How many Deferred Stock Units and Dividend Equivalent Units does Avid Modjtabai hold after this Prologis (PLD) transaction?
After this transaction, the reported balance in column 9 is 6,566.1670 units. This total includes both Deferred Stock Units and Dividend Equivalent Units that are deferred and ultimately payable in Prologis common stock on a one-for-one basis per unit.
How are the Prologis (PLD) DEUs and DSUs ultimately paid to Avid Modjtabai?
Both DEUs and DSUs are paid in Prologis common stock at a one-to-one rate. For each Deferred Stock Unit or Dividend Equivalent Unit, Modjtabai will receive one share of Prologis common stock when the deferred compensation is ultimately settled under the plan’s terms.