BITA CRISTINA GABRIELA 4
Research Summary
AI-generated summary
Prologis (PLD) Director Cristina Gabriela Bita Receives Award
What Happened
- Cristina Gabriela Bita, a member of Prologis' board of directors, was granted three awards on June 30, 2026 totaling 347.441 derivative units (78.475 + 47.966 + 221). Each award shows an acquisition price of $0.00 and is reported as a derivative award (code A). These represent deferred compensation units (DSUs/DEUs or phantom shares) that will be settled in Prologis common stock at a 1:1 rate when paid.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-02 (filed within the normal Form 4 reporting window).
- Items granted: 78.475; 47.966; 221 — total 347.441 units. Reported price per unit: $0.00 (derivative award).
- Shares owned after transaction: Not specified in the provided extract (the filing’s balance column includes DSUs/DEUs/phantom shares but the numeric balance was not supplied here).
- Footnotes summary:
- F1: DEUs earned on DSUs for current board service; DSUs and DEUs vest 100% on the earlier of one year after grant or the next annual meeting; paid in common stock 1:1.
- F2–F3: DEUs and phantom shares from deferred director fees; phantom shares vest upon issuance and are paid in common stock 1:1 per the deferral election or upon termination.
- F4: Balance includes an administrative adjustment of 13.2226 DEUs.
- No indication of a 10b5-1 plan, tax withholding sale, or other sale-related codes.
Context
- These awards are compensation-related derivative units (deferred stock units, dividend equivalent units, or phantom shares) commonly granted to directors and do not represent an open-market purchase or sale. They will convert to Prologis common shares at a 1:1 rate per plan rules when paid/vested, so they reflect compensation accrual rather than a direct expression of buy/sell sentiment.