Prologis (PLD) director granted dividend equivalent units on deferred stock

Rhea-AI Filing Summary

KENNARD LYDIA H reported acquisition or exercise transactions in this Form 4 filing.

Prologis, Inc. director Lydia H. Kennard received a grant of dividend equivalent units tied to deferred stock compensation. On the transaction date, she was credited with 52.7265 Dividend Equivalent Units (DEUs) on Deferred Stock Units (DSUs) under the Prologis Nonqualified Deferred Compensation Plan.

These DEUs accrue at the Prologis common stock dividend rate when dividends are paid and vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholders meeting after the grant date, with receipt deferred along with the related DSUs. After this grant, her combined DSU and DEU balance was 6,566.1670 units, which will be paid in Prologis common stock at one share per DSU or DEU.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KENNARD LYDIA H

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Units - NQDC	52.727	$0.00	--

Holdings After Transaction: Dividend Equivalent Units - NQDC — 6,566.167 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Units granted: 52.7265 units Total DSUs and DEUs after transaction: 6,566.1670 units Vesting condition: 100% on earlier of 1-year anniversary or next annual meeting

3 metrics

Dividend Equivalent Units granted 52.7265 units Grant/award acquisition on 2026-03-31

Total DSUs and DEUs after transaction 6,566.1670 units Balance following the Form 4 transaction

Vesting condition 100% on earlier of 1-year anniversary or next annual meeting Applies to DSUs and associated DEUs for directors

Key Terms

Dividend Equivalent Units, Deferred Stock Units, Nonqualified Deferred Compensation Plan, vest 100%

4 terms

Dividend Equivalent Units financial

"Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs)"

Deferred Stock Units financial

"earned on Deferred Stock Units (DSUs) associated with current service on our board"

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

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

vest 100% financial

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

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^*

KENNARD LYDIA H

(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)
03/31/2026

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)	03/31/2026	03/31/2026	A		52.7265		(1)	(1)	Common Stock	52.7265	$0(1)	6,566.167	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 Lydia H. Kennard	04/02/2026
	** 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)

FAQ

What insider transaction did Prologis (PLD) report for director Lydia H. Kennard?

Prologis reported that director Lydia H. Kennard received 52.7265 Dividend Equivalent Units as a compensation-related award. These units are tied to existing Deferred Stock Units and represent accruals at the Prologis common stock dividend rate under the company’s nonqualified deferred compensation plan.

Is the Prologis (PLD) Form 4 transaction an open-market buy or sell?

The Form 4 transaction is not an open-market buy or sell. It reflects a grant of 52.7265 Dividend Equivalent Units credited as compensation, with a transaction price of 0.0000 per unit, rather than a cash purchase or sale on the stock market.

How many deferred stock-related units does Lydia H. Kennard hold after this Prologis (PLD) transaction?

After the transaction, Lydia H. Kennard holds a total of 6,566.1670 Deferred Stock Units and Dividend Equivalent Units. Each DSU or DEU is payable in one share of Prologis common stock when distributed under the terms of the company’s nonqualified deferred compensation plan.

How do Dividend Equivalent Units work for Prologis (PLD) directors under the NQDC Plan?

Dividend Equivalent Units accrue on outstanding Deferred Stock Units at the Prologis common stock dividend rate when dividends are paid. For directors, these DEUs and the underlying DSUs vest 100% on the earlier of the first grant anniversary or the next annual stockholders meeting, with payment deferred into Prologis shares.

When do the Deferred Stock Units and Dividend Equivalent Units for Prologis (PLD) directors vest?

Deferred Stock Units and related Dividend Equivalent Units vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholders meeting after the grant date. This schedule generally results in vesting around May each year, according to the plan disclosure.