FOTIADES GEORGE L 4
Research Summary
AI-generated summary
Prologis (PLD) Director George Fotiades Receives Award
What Happened
- George L. Fotiades, a director of Prologis (PLD), was granted four derivative awards on 2026-06-30 totaling 900.497 units: 184.992, 362.855, 121.85 and 230.8 units. These are derivative awards (code A) reported as Dividend Equivalent Units (DEUs)/Deferred Stock Units (DSUs) or phantom shares and are to be settled in Prologis common stock at a 1:1 rate. No cash price is reported (N/A) because these are compensated, deferred awards rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-02 (timely Form 4 filing).
- Transaction type/code: A — Grant/award (derivative awards); price: N/A.
- Total units granted: 900.497 (184.992 + 362.855 + 121.85 + 230.8).
- Shares owned after transaction: Not specified in the provided excerpt (filing notes that column 9 balances include DSUs/DEUs/phantom shares).
- Notable footnotes: Awards represent DEUs on previously and currently held DSUs or DEUs on phantom shares (see F1–F4). DEUs accrue at Prologis’ dividend rate, vest under specified schedules or upon issuance, are deferred under the NQDC Plan, and are paid in common stock at 1 share per unit.
- Filing timeliness: No late filing indicated.
Context
- These grants are director compensation (deferred/derivative awards) and will convert to common shares when paid; they are not open-market purchases or sales and therefore do not directly signal a buy/sell decision by the director. DEUs/DSUs/phantom shares commonly reflect dividend-equivalent compensation and vest/settle under plan rules.