Did the CEO sell Prologis stock as a result of this transaction?

No, Mr. Moghadam did not sell any Prologis common stock on the open market. The transaction involved exercising vested stock options using shares to cover the exercise price, resulting in a net increase of shares credited to his deferred compensation account.

What is the significance of deferring the shares into a deferred compensation plan?

Deferring the shares into a deferred compensation plan indicates that the CEO is retaining and increasing his equity stake in Prologis, rather than liquidating his holdings. This can be interpreted as a positive signal of his continued confidence in the company's future performance.

How does this transaction affect the CEO's overall ownership and potential future equity?

Following this exercise, Mr. Moghadam's beneficial ownership increased by 250,755 shares. He continues to hold a substantial amount of directly owned shares and units, and importantly, retains a significant number of vested and exercisable stock options, indicating substantial potential future equity.

When were the options that Mr. Moghadam exercised originally granted?

The stock options that Mr. Moghadam exercised were originally granted on December 15, 1998, and had an expiration date of December 15, 2008.

PLD/PLDGP 8-K: Regulation FD

Summary

Prologis, Inc. (PLD) filed an 8-K on February 2, 2006, detailing a stock option exercise by its Chairman and CEO, Hamid R. Moghadam, on January 31, 2006. Mr. Moghadam exercised 428,106 vested stock options through a stock-for-stock transaction, resulting in a net increase of 250,755 common shares for his holdings. Crucially, these shares, representing the gains from the option exercise, were deferred into Mr. Moghadam's deferred compensation plan and were not sold on the open market. This transaction signifies an increase in insider equity participation rather than a divestiture. Following this event, Mr. Moghadam's beneficial ownership stands at 2,770,868 common shares and units, with significant vested and exercisable options remaining.

Key Highlights

1Chairman and CEO, Hamid R. Moghadam, exercised 428,106 vested stock options on January 31, 2006.
2The stock option exercise was conducted as a stock-for-stock transaction.
3The net effect of the transaction was an increase of 250,755 common shares in Mr. Moghadam's beneficial ownership.
4The shares acquired from the option exercise were deferred into Mr. Moghadam's deferred compensation plan.
5Mr. Moghadam did not sell any Prologis common stock on the open market as part of this transaction.
6As of January 31, 2006, Mr. Moghadam beneficially owned 2,770,868 common shares and units.
7Mr. Moghadam held options to purchase up to 2,679,087 shares, with 2,518,957 being vested and exercisable.

Prologis, Inc. 8-K Report, Regulation FD Disclosure (Feb 3, 2006)

Summary

Key Highlights

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