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Prologis (NYSE: PLD) director granted dividend equivalent units under plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Piani Olivier reported acquisition or exercise transactions in this Form 4 filing.

Prologis, Inc. director Olivier Piani received a routine compensation-related grant of dividend equivalent units under the company’s nonqualified deferred compensation plan. The award covers 49.5754 dividend equivalent units tied to Prologis common stock, bringing his total deferred stock and dividend equivalent units to 6,326.1932.

These units accrue based on the Prologis common stock dividend rate and are deferred together with previously granted deferred stock units, to be settled in Prologis common shares according to the plan’s terms.

Positive

  • None.

Negative

  • None.
Insider Piani Olivier
Role null
Type Security Shares Price Value
Grant/Award Dividend Equivalent Units - NQDC 49.575 $0.00 --
Holdings After Transaction: Dividend Equivalent Units - NQDC — 6,326.193 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Dividend equivalent units granted 49.5754 units Grant of DEUs on 2026-06-30
Grant price per unit $0.0000 DEU award under NQDC plan
Total units after transaction 6,326.1932 units Deferred stock and dividend equivalent units held
Underlying common stock 49.5754 shares Common stock underlying this DEU grant
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
"that are 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.
Prologis common stock dividend rate financial
"DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Units - NQDC$0(1)06/30/202606/30/2026A49.5754 (1) (1)Common Stock49.5754$0(1)6,326.1932D
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 Piani07/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Prologis (PLD) director Olivier Piani report in this Form 4?

Director Olivier Piani reported receiving 49.5754 dividend equivalent units as compensation. These units accrue on existing deferred stock units and are payable in Prologis common stock under the company’s nonqualified deferred compensation plan at a later settlement date.

How many deferred and dividend equivalent units does Olivier Piani now hold in Prologis (PLD)?

After this transaction, Olivier Piani holds a total of 6,326.1932 deferred stock units and dividend equivalent units. These awards represent deferred compensation that will ultimately be settled in shares of Prologis common stock according to the plan’s vesting and payment terms.

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

Dividend Equivalent Units are bookkeeping units that mirror dividends on Prologis common stock for deferred stock units. They accrue at the common stock dividend rate and are ultimately paid in Prologis shares, at one common share for each deferred stock unit or dividend equivalent unit under the plan.

How do DEUs for Prologis (PLD) directors vest and pay out?

DEUs and their underlying deferred stock units vest 100% on the earlier of the first anniversary of the grant date or the first annual shareholder meeting after the grant date. Once vested, they are paid in Prologis common stock, one share for each vested unit, at distribution.

Is this Prologis (PLD) Form 4 transaction an open-market stock purchase or sale?

The filing shows a grant of 49.5754 dividend equivalent units at a price of $0.0000 per unit. It is a compensation-related award under a nonqualified deferred compensation plan, not an open-market purchase or sale of Prologis common stock on an exchange.