Prologis director granted dividend equivalent units

Modjtabai Avid reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Modjtabai Avid reported acquisition or exercise transactions in this Form 4 filing.

Prologis, Inc. director Avid Modjtabai received a grant of 49.5754 Dividend Equivalent Units (DEUs) tied to her existing Deferred Stock Units (DSUs) for current board service under the company’s Nonqualified Deferred Compensation Plan. These DEUs were credited at no cash cost and bring her total DSUs and DEUs to 6,326.1932 units, each ultimately payable in one share of Prologis common stock after vesting and deferral conditions are met.

Insider Trade Summary

Grant/Award: 49.5754 shares

Grant/Award 1 txn

Insider Modjtabai Avid

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Units - NQDC	49.5754	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Units - NQDC — 6,326.1932 contracts (Direct)

Footnotes (1)

1. F1. Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is deferred along with the underlying DSUs. DSUs and DEUs are paid in the form of Prologis common stock at the rate of one common share per DSU or DEU. Balance in column 9 includes DSUs and DEUs.

Key Figures

Dividend Equivalent Units granted: 49.5754 units Total DSUs and DEUs after transaction: 6,326.1932 units Grant price per unit: $0.0000 per unit +1 more

4 metrics

Dividend Equivalent Units granted 49.5754 units DEUs earned on DSUs for current board service

Total DSUs and DEUs after transaction 6,326.1932 units Director’s deferred equity-based holdings following grant

Grant price per unit $0.0000 per unit Non-cash award under Nonqualified Deferred Compensation Plan

Underlying common stock 49.5754 shares One Prologis common share per new DEU

Key Terms

Dividend Equivalent Units (DEUs), Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, Prologis common stock dividend rate, +1 more

5 terms

Dividend Equivalent Units (DEUs) financial

"Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board"

Deferred Stock Units (DSUs) financial

"Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board"

Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.

Nonqualified Deferred Compensation Plan financial

"deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan)"

A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.

Prologis common stock dividend rate financial

"DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid"

vest 100% financial

"DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Prologis (PLD) director Avid Modjtabai report on this Form 4?

Avid Modjtabai reported receiving 49.5754 Dividend Equivalent Units (DEUs) linked to existing Deferred Stock Units for her Prologis board service. These units were granted at no cash cost and increase her deferred equity-based compensation position.

How many Prologis Dividend Equivalent Units does the director hold after this transaction?

After this transaction, Avid Modjtabai holds a total of 6,326.1932 Deferred Stock Units and Dividend Equivalent Units. Each DSU or DEU is ultimately payable in one share of Prologis common stock, subject to plan vesting and deferral terms.

What are Dividend Equivalent Units (DEUs) in Prologis’s compensation structure?

Dividend Equivalent Units represent credits earned on Deferred Stock Units at the Prologis common stock dividend rate when dividends are paid. They mirror dividends on regular shares and are paid later in common stock, aligning director compensation with shareholder returns over time.

How do Prologis Deferred Stock Units and Dividend Equivalent Units vest?

Deferred Stock Units and Dividend Equivalent Units vest 100% on the earlier of the first anniversary of the grant date or the first annual shareholders’ meeting after the grant date. This schedule ties vesting to continued board service and the company’s regular governance cycle.

How are Prologis DSUs and DEUs ultimately settled for the director?

Prologis DSUs and DEUs are settled in common stock on a one-for-one basis, with one share delivered for each DSU or DEU. The receipt of these units is deferred, and settlement follows the company’s Nonqualified Deferred Compensation Plan provisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 05:00 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Modjtabai Avid

(Last) (First) (Middle)

C/O PROLOGIS, INC., PIER 1, BAY 1

(Street)

SAN FRANCISCO CALIFORNIA 94111

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Prologis, Inc. [ PLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units - NQDC	$0(1)	06/30/2026	06/30/2026	A		49.5754		(1)	(1)	Common Stock	49.5754	$0(1)	6,326.1932	D

Explanation of Responses:

1. Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is deferred along with the underlying DSUs. DSUs and DEUs are paid in the form of Prologis common stock at the rate of one common share per DSU or DEU. Balance in column 9 includes DSUs and DEUs.

	/s/ Tammy Colvocoresses, Attorney-In-Fact for Avid Modjtabai	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)