BITA CRISTINA GABRIELA 4
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Prologis (PLD) Director Cristina Bita Receives DSU Award
What Happened Cristina Gabriela Bita, a director of Prologis, received a grant of 1,695 Deferred Stock Units (DSUs) on April 28, 2026 (reported on Form 4). The award is recorded at $0.00 (derivative award) and represents a right to receive Prologis common stock on a 1-for-1 basis rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-28; Transaction type/code: Award/Grant (A).
- Amount: 1,695 DSUs; reported price: $0.00 (derivative award).
- Vesting/deferral: DSUs vest 100% on the earlier of the first anniversary of the grant or the first annual meeting after the grant; generally deferred under the company’s Nonqualified Deferred Compensation Plan until April 28, 2029.
- Dividend equivalents: DSUs earn dividend equivalent units (DEUs) when dividends are paid; DSUs + accrued DEUs convert 1-for-1 into shares.
- Exercisability/expiration: DSUs have no exercise or expiration date.
- Shares owned after transaction: Not specified in the filing; the Form 4 balance column includes DSUs and DEUs.
- Filing timeliness: Report filed 2026-04-30 for a 2026-04-28 grant (no late filing indicated).
Context DSUs are a form of deferred compensation for directors and are convertible into common stock later; they are not an immediate purchase or sale and therefore should not be interpreted as an immediate market buy/sell signal. Such grants are routine for director compensation and include dividend equivalents, which increase eventual share payout.