Prologis Inc. (NYSE:PLD) saw two of its insiders unload stock yesterday. The company’s Chief Financial Officer, Thomas Olinger, sold 14,800 shares of Common Stock, directly, for a weighted average price of $42.12 per share. Following the insider’s first stock disposition of the fiscal year, he now owns a total of 50,299 company shares.
Furthermore, Lydia Kennard, Director at the $20.8 billion market cap real estate investment trust, unloaded 20,000 shares of Common Stock, directly, for a weighted average price of $42.09 per share. The insider also exercised her use of stock options in order to complete the transaction. This was also Kennard’s first stock disposition of the fiscal year and the insider now holds a total of 17,210 company shares to her name.
Insider stock sales have been frequent at Prologis this year, with several large dispositions. The firm’s Chief Executive Officer of Europe and Asia, Gary Anderson, unloaded 44,000 shares of Common Stock in June, for a price of $41.50 per share, while Director Jeffrey Skelton sold 13,502 shares in May at a price of $41.15 per share.