Prologis director awarded 1,695 deferred stock units

Prologis, Inc. director Guy A. Metcalfe received a grant of 1,695 Deferred Stock Units (DSUs) on April 28, 2026, as a compensation award.

Rhea-AI Filing Summary

Prologis, Inc. director Guy A. Metcalfe received a grant of 1,695 Deferred Stock Units (DSUs) on April 28, 2026, as a compensation award. The DSUs vest 100% on the earlier of the first anniversary of the grant date or the first Prologis annual stockholder meeting after that date.

The units are generally deferred under the Prologis Nonqualified Deferred Compensation Plan until April 28, 2029 and convert into Prologis common stock on a 1-for-1 basis. DSUs also earn dividend equivalent units when dividends are paid. Following this grant, Metcalfe holds 6,276.6178 DSUs and DEUs in total.

Insider Trade Summary

Grant/Award: 1,695 shares

Grant/Award 1 txn

Insider Metcalfe Guy A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units-NQDC	1,695	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units-NQDC — 6,276.6178 contracts (Direct)

Footnotes (1)

1. F1. Deferred Stock Units (DSUs) granted April 28, 2026, which vest 100% on the earlier of the first anniversary of the grant date, or the first annual meeting of the stockholders of Prologis that occurs after the grant date, and generally, are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 28, 2029. DSUs earn dividend equivalent units (DEUs) when dividends are paid with respect to Prologis common stock and have no exercisable or expiration date. DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis. Balance in column 9 includes DSUs and DEUs.

Key Figures

Deferred stock units granted: 1,695 units Post-grant DSU/DEU balance: 6,276.6178 units Deferral date: April 28, 2029 +1 more

4 metrics

Deferred stock units granted 1,695 units DSU grant on April 28, 2026

Post-grant DSU/DEU balance 6,276.6178 units Balance in column 9 after transaction

Deferral date April 28, 2029 General deferral date under Nonqualified Deferred Compensation Plan

Conversion ratio 1-for-1 DSUs and DEUs into Prologis common stock

Key Terms

Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, dividend equivalent units (DEUs), convertible into Prologis common stock on a 1-for-1 basis

4 terms

Deferred Stock Units (DSUs) financial

"Deferred Stock Units (DSUs) granted April 28, 2026, which vest 100%"

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

"are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 28, 2029"

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.

dividend equivalent units (DEUs) financial

"DSUs earn dividend equivalent units (DEUs) when dividends are paid"

convertible into Prologis common stock on a 1-for-1 basis financial

"DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis"

FAQ

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

What insider transaction did Prologis (PLD) report for Guy A. Metcalfe?

Prologis reported that director Guy A. Metcalfe received a grant of 1,695 Deferred Stock Units (DSUs) on April 28, 2026. This was a compensation-related award, not an open-market stock purchase or sale.

How and when do Guy A. Metcalfe’s new Prologis DSUs vest?

The 1,695 DSUs granted to Guy A. Metcalfe vest 100% on the earlier of the first anniversary of the April 28, 2026 grant date or the first Prologis annual stockholder meeting held after that date, according to the filing footnote.

When will Guy A. Metcalfe’s Prologis DSUs be distributed?

The DSUs are generally deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 28, 2029. At that time, the DSUs and accrued dividend equivalent units are convertible into Prologis common stock on a 1-for-1 basis.

Do Prologis DSUs granted to Guy A. Metcalfe pay dividends?

The DSUs themselves do not pay cash dividends, but they earn dividend equivalent units (DEUs) whenever dividends are paid on Prologis common stock. These DEUs are added to the DSU balance and are also convertible into common shares on a 1-for-1 basis.

How many Prologis deferred and dividend equivalent units does Guy A. Metcalfe now hold?

After the April 28, 2026 grant, the balance reported for Guy A. Metcalfe in column 9 is 6,276.6178 units. This total includes both Deferred Stock Units (DSUs) and any accrued dividend equivalent units (DEUs), according to the footnote.

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

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Accepted by SEC EDGAR 04/30/2026 - 07:00 PM 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^*

Metcalfe Guy A

(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)
04/28/2026

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
Deferred Stock Units-NQDC	$0	04/28/2026	04/28/2026	A		1,695		(1)	(1)	Common Stock	1,695	$0(1)	6,276.6178	D

Explanation of Responses:

1. Deferred Stock Units (DSUs) granted April 28, 2026, which vest 100% on the earlier of the first anniversary of the grant date, or the first annual meeting of the stockholders of Prologis that occurs after the grant date, and generally, are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 28, 2029. DSUs earn dividend equivalent units (DEUs) when dividends are paid with respect to Prologis common stock and have no exercisable or expiration date. DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis. Balance in column 9 includes DSUs and DEUs.

	/s/ Tammy Colvocoresses, Attorney-in-Fact for Guy A. Metcalfe	04/30/2026
	** 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)