Prologis (NYSE: PLD) director granted new dividend-equivalent units

Rhea-AI Filing Summary

Prologis, Inc. director Olivier Piani reported an acquisition of 52.7265 Dividend Equivalent Units (DEUs) tied to his deferred board compensation under the company’s Nonqualified Deferred Compensation Plan. These DEUs accrue on outstanding Deferred Stock Units (DSUs) at the Prologis common stock dividend rate when dividends are paid.

The DEUs and related DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholders’ meeting after the grant date, and are settled in Prologis common stock at one share per DSU or DEU. Following this grant, Piani’s balance of DSUs and DEUs is 6,566.1670 units, all held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Piani Olivier

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)

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Key Figures

Dividend Equivalent Units granted: 52.7265 units Total DSUs and DEUs after transaction: 6,566.1670 units Grant price per unit: $0.0000 per unit

3 metrics

Dividend Equivalent Units granted 52.7265 units DEUs earned on DSUs for current board service on 2026-03-31

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

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

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

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

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)"

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 after the grant date"

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^*

Piani Olivier

(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 Olivier Piani	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) director Olivier Piani report?

Director Olivier Piani reported receiving 52.7265 Dividend Equivalent Units. These units were credited as part of his deferred board compensation and increase his total Deferred Stock Unit and Dividend Equivalent Unit balance to 6,566.1670 units held directly.

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

Dividend Equivalent Units at Prologis are credits earned on Deferred Stock Units when common stock dividends are paid. They accrue at the Prologis common stock dividend rate and are ultimately payable in common stock at one share for each DSU or DEU held by the director.

How do Prologis (PLD) DSUs and DEUs vest for board members?

Prologis DSUs and DEUs for board members 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 applies to units associated with current board service under the company’s deferred compensation plan.

How many Prologis (PLD) DSUs and DEUs does Olivier Piani hold after this filing?

After this award, Olivier Piani holds a total of 6,566.1670 Deferred Stock Units and Dividend Equivalent Units. This balance reflects his accumulated deferred equity compensation for board service, including the newly credited 52.7265 Dividend Equivalent Units reported in the Form 4.

How are Prologis (PLD) DSUs and DEUs ultimately paid to directors?

Prologis pays Deferred Stock Units and Dividend Equivalent Units in the form of Prologis common stock. Each DSU or DEU converts into one share of common stock when delivered, consistent with the company’s Nonqualified Deferred Compensation Plan for directors’ deferred equity awards.

What plan governs the Prologis (PLD) director’s dividend-equivalent award?

The award is governed by the Prologis, Inc. Nonqualified Deferred Compensation Plan. Under this plan, Deferred Stock Units related to board service and the associated Dividend Equivalent Units are deferred, vest according to the plan’s schedule, and are later settled in Prologis common stock.