Prologis (PLD) board member granted 1,695 deferred stock units

Rhea-AI Filing Summary

Slusser Sarah A reported acquisition or exercise transactions in this Form 4 filing.

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

The DSUs are generally deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 28, 2029. They earn dividend equivalent units (DEUs) when dividends are paid on Prologis common stock, and DSUs plus DEUs are convertible into Prologis common stock on a 1-for-1 basis. After this award, Slusser holds a total of 4,049.3531 DSUs and DEUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Slusser Sarah A

Role null

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

Holdings After Transaction: Deferred Stock Units-NQDC — 4,049.353 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

DSUs granted: 1,695 units Holdings after transaction: 4,049.3531 units Deferral end date: April 28, 2029 +1 more

4 metrics

DSUs granted 1,695 units Deferred Stock Units granted April 28, 2026

Holdings after transaction 4,049.3531 units Total DSUs and DEUs following award

Deferral end date April 28, 2029 DSUs generally deferred under Nonqualified Deferred Compensation Plan

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

Key Terms

Deferred Stock Units, Nonqualified Deferred Compensation Plan, dividend equivalent units, DSUs, +1 more

5 terms

Deferred Stock Units financial

"Deferred Stock Units (DSUs) granted April 28, 2026, which vest 100% on the earlier of the first anniversary"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Nonqualified Deferred Compensation Plan financial

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

dividend equivalent units financial

"DSUs earn dividend equivalent units (DEUs) when dividends are paid with respect to Prologis common stock"

DSUs financial

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

DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.

DEUs financial

"Balance in column 9 includes DSUs and DEUs."

Form 4 Insider Transactions: What Each Field Means →

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^*

Slusser Sarah A

(Last) (First) (Middle)

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)	4,049.3531	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 Sarah A. Slusser	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)

FAQ

What did Prologis (PLD) director Sarah A. Slusser receive in this Form 4 filing?

Sarah A. Slusser received 1,695 Deferred Stock Units (DSUs) as a compensation award. These DSUs represent the right to receive Prologis common stock in the future, subject to vesting and deferral terms under the company’s nonqualified deferred compensation plan.

When do Sarah A. Slusser’s newly granted Prologis DSUs vest?

The 1,695 Prologis DSUs vest 100% on the earlier of the first anniversary of the April 28, 2026 grant date or the first annual Prologis stockholders’ meeting after that date. Full vesting is required before the DSUs can be settled into common shares.

How long are Prologis (PLD) director DSUs deferred under this award?

The DSUs granted to Sarah A. Slusser are generally deferred until April 28, 2029 under the Prologis, Inc. Nonqualified Deferred Compensation Plan. This means settlement into common stock is delayed, aligning director compensation with longer-term company performance and shareholder outcomes.

How are Prologis DSUs converted into common stock for this Form 4 award?

The DSUs and any accrued dividend equivalent units (DEUs) are convertible into Prologis common stock on a 1-for-1 basis. Each vested DSU, plus related DEUs, results in one share of common stock when ultimately settled, providing equity-based compensation to the director.

Do Prologis DSUs granted to Sarah A. Slusser earn dividends?

The DSUs earn dividend equivalent units (DEUs) whenever Prologis pays dividends on its common stock. These DEUs accumulate alongside the DSUs and are included in the balance, increasing the number of units ultimately convertible into common shares on a 1-for-1 basis.

What is Sarah A. Slusser’s total Prologis DSU and DEU balance after this transaction?

After receiving the 1,695 DSU award, Sarah A. Slusser’s total balance is 4,049.3531 units. This figure includes both previously granted DSUs and accrued dividend equivalent units, all of which are ultimately convertible into Prologis common stock on a 1-for-1 basis.