KENNARD LYDIA H 4
4 · Prologis, Inc. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Prologis (PLD) Director Lydia H. Kennard Converts Deferred Stock Units
What Happened Lydia H. Kennard, a director of Prologis, converted deferred stock units/dividend equivalents into company common stock and received a new grant of deferred stock units on April 28, 2026. Specifically, the filing reports conversion/acquisition of 1,984 shares (exercise/conversion, $0.00), a related derivative line showing 1,984.549 shares (disposed, $0.00) reflecting reporting mechanics, and a grant/award of 1,695 DSUs (acquired, $0.00). No cash was paid or received in these transactions — they reflect deferred-compensation unit conversion and a new deferred-unit grant.
Key Details
- Transaction date: April 28, 2026; Form 4 filed April 30, 2026 (timely filing).
- Reported amounts/prices: conversion/acquisition 1,984 shares @ $0.00; related derivative line 1,984.549 shares @ $0.00 (disposed); grant of 1,695 DSUs @ $0.00.
- Shares owned after transaction: exact total not provided in the data shown (filing’s balance column includes DSUs and DEUs).
- Footnote F1: These conversions were DSUs/DEUs under the Prologis Nonqualified Deferred Compensation Plan; DSUs/DEUs convert 1-for-1 into common stock on vesting, with no exercise price or expiration.
- Footnote F2: The 1,695 DSUs were newly granted on April 28, 2026; they vest on the earlier of the first anniversary of grant or the next annual meeting and are generally deferred until April 28, 2029. DSUs accrue dividend equivalents and convert 1-for-1 to shares when payable.
- No 10b5-1 plan, tax-withholding sale, or cash purchase is indicated.
Context These entries are routine deferred-compensation and grant-related transactions rather than open-market purchases or sales for cash. The conversion lines represent DSUs/DEUs vesting into shares; the new DSU grant is a deferral of compensation that will convert to shares upon future vesting. Such actions typically reflect plan terms rather than a director signaling a buy/sell opinion.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-28+1,984→ 34,413 total - Exercise/Conversion
Deferred Stock Units and Dividend Equivalent Units-NQDC
[F1]2026-04-28−1,984.549→ 4,581.618 totalExercise: $0.00→ Common Stock (1,984.549 underlying) - Award
Deferred Stock Units-NQDC
[F2]2026-04-28+1,695→ 6,276.618 totalExercise: $0.00→ Common Stock (1,695 underlying)
Footnotes (2)
- [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]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.