Prologis director granted dividend equivalent units

Prologis, Inc. director David P. O'Connor reported an acquisition of 221.2394 Dividend Equivalent Units (DEUs) tied to Deferred Stock Units (DSUs) under the company's Nonqualified Deferred Compensation Plan.

Rhea-AI Filing Summary

Prologis, Inc. director David P. O'Connor reported an acquisition of 221.2394 Dividend Equivalent Units (DEUs) tied to Deferred Stock Units (DSUs) under the company's Nonqualified Deferred Compensation Plan. These DEUs accrue at the Prologis common stock dividend rate and are deferred along with the underlying DSUs.

The DEUs and related DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders after the grant date. They are ultimately paid in Prologis common stock on a one-for-one basis. After this award, O'Connor held a total of 28,231.7997 DSUs and DEUs.

Insider Trade Summary

Grant/Award: 221.2394 shares

Grant/Award 1 txn

Insider OCONNOR DAVID P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Units - NQDC	221.2394	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Units - NQDC — 28,231.7997 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: 221.2394 units Total DSUs and DEUs after transaction: 28,231.7997 units Transaction price per unit: $0.0000 per unit +1 more

4 metrics

Dividend Equivalent Units granted 221.2394 units Grant of DEUs on DSUs for board service on 2026-06-30

Total DSUs and DEUs after transaction 28,231.7997 units Holdings following reported acquisition

Transaction price per unit $0.0000 per unit Grant, award, or other acquisition of DEUs

Underlying security 221.2394 common shares Each DEU payable in one Prologis common share

Key Terms

Dividend Equivalent Units (DEUs), Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, annual meeting of the stockholders

4 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.

annual meeting of the stockholders financial

"vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis"

FAQ

What insider transaction did Prologis (PLD) director David P. O'Connor report?

David P. O'Connor reported receiving 221.2394 Dividend Equivalent Units (DEUs) linked to Deferred Stock Units under Prologis’ Nonqualified Deferred Compensation Plan. This was a compensation-related grant at a price of $0.0000 per unit, not an open-market stock purchase or sale.

How many Prologis units does David P. O'Connor hold after this Form 4?

Following the reported grant, David P. O'Connor held a total of 28,231.7997 Deferred Stock Units and Dividend Equivalent Units. This balance reflects his accumulated board-related deferred compensation, which will ultimately be settled in Prologis common stock on a one-for-one basis.

What are Dividend Equivalent Units (DEUs) in the Prologis (PLD) Form 4 filing?

Dividend Equivalent Units are credits that accrue on outstanding Deferred Stock Units at the Prologis common stock dividend rate when dividends are paid. In this filing, 221.2394 DEUs were earned on DSUs associated with current board service and are deferred under the Nonqualified Deferred Compensation Plan.

How and when do Prologis Deferred Stock Units (DSUs) and DEUs vest?

The DSUs and related DEUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders after the grant date. This schedule generally results in vesting around the company’s annual meeting, typically held in May each year.

How are Prologis DSUs and DEUs ultimately paid to the director?

DSUs and DEUs are paid in the form of Prologis common stock at a rate of one common share per DSU or DEU. The receipt of these DEUs is deferred along with the underlying DSUs, so payment occurs in stock at a future distribution event specified by the plan.

Was the Prologis (PLD) Form 4 transaction a market buy or sell of common stock?

The reported transaction was a grant of 221.2394 Dividend Equivalent Units with a transaction price of $0.0000 per unit. It is described as a grant, award, or other acquisition related to deferred compensation, not an open-market purchase or sale of Prologis common shares.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/02/2026 - 05:00 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^*

OCONNOR DAVID P

(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		221.2394		(1)	(1)	Common Stock	221.2394	$0(1)	28,231.7997	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 David P. O'Connor	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)