Thursday, December 28, 2017 10:15 PM ET
Significant Insider Selling Continues at Prologis (PLD)
One Prologis insider — Edward S Nekritz, Officer — today, disposed of 15,752 shares having a market value of approximately $1,016,103, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 18,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 33,752 shares and have averaged 16,876 shares per transaction over this time period.
Prologis insider trading represents a higher number of buy/sell trades than for the 10 peer company average over the last 90-day period. The Industrial REITs peer group saw 8 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Prologis insiders was also higher. Within the peer group there were 3,586 shares purchased and 91,232 shares sold with company insiders disposing of 10,956 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
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