KENNARD LYDIA H 4
4 · Prologis, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Prologis (PLD) Director Lydia H. Kennard Receives Award
What Happened
Lydia H. Kennard, a director of Prologis (PLD), received an award of 49.575 dividend-equivalent units (DEUs) on June 30, 2026. The DEUs were granted as a derivative award tied to Deferred Stock Units (DSUs); the reported acquisition price is $0.00, so no cash changed hands. These DEUs will convert to Prologis common stock at a 1:1 rate when paid.
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
- Transaction type/code: A = Award/Grant (derivative).
- Shares/units granted: 49.575 DEUs; reported dollar value: $0.00.
- Shares owned after transaction: Not specified in the provided filing details (the Form 4 balance column includes 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 after the grant, and are paid in common stock at one share per DSU/DEU.
Context
DEUs are non-cash, compensation-related units that reflect dividends on deferred stock units and are commonly used to defer director compensation and related taxes until distribution. Such awards are routine for board members and do not by themselves indicate a buy/sell signal; purchases are generally more informative about an insider's market sentiment.
Insider Transaction Report
- Award
Dividend Equivalent Units - NQDC
[F1]2026-06-30+49.575→ 6,326.193 totalExercise: $0.00→ Common Stock (49.575 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.