KENNARD LYDIA H 4
4 · Prologis, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Prologis Director Lydia Kennard Receives 52.727-Share Award
What Happened Lydia H. Kennard, a director of Prologis, received an award of 52.727 dividend-equivalent units (DEUs) on March 31, 2026. The transaction is recorded as an award/grant (code A) at $0.00 per share (derivative award), so no cash was paid. These DEUs are tied to Deferred Stock Units (DSUs) under Prologis’ Nonqualified Deferred Compensation Plan and will be paid in Prologis common stock at a one-for-one rate when settled.
Key Details
- Transaction date: 2026-03-31; Filing date (accession): 2026-04-02 — filing appears timely.
- Transaction type/code: Award/Grant (A); 52.727 DEUs acquired at $0.00 (derivative interest).
- Shares/units owned after transaction: Not specified in the provided extract; the Form 4 balance column includes both DSUs and DEUs.
- Footnote: DEUs accrue on outstanding DSUs at the company dividend rate, vest 100% on the earlier of the first anniversary of the grant or the first annual meeting of stockholders after the grant, and are paid in Prologis common stock at one share per DSU/DEU.
Context This was a routine director compensation credit (dividend equivalents on deferred stock units), not a market purchase or sale. DEUs represent future stock paid under the NQDC plan and do not require cash outlay; they are typically administrative/compensation items rather than direct signals of insider buying or selling.
Insider Transaction Report
- Award
Dividend Equivalent Units - NQDC
[F1]2026-03-31+52.727→ 6,566.167 totalExercise: $0.00→ Common Stock (52.727 underlying)
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.