Prologis (PLD) director Slusser adds dividend equivalent units to deferred stock

Rhea-AI Filing Summary

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

Prologis, Inc. director Sarah A. Slusser received 18.9055 Dividend Equivalent Units (DEUs) tied to Deferred Stock Units under the company’s Nonqualified Deferred Compensation Plan. These awards mirror Prologis common stock dividends and are paid later in common shares, bringing her total deferred DEUs/DSUs position to 2,354.3531 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Slusser Sarah A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Units-NQDC	18.906	$0.00	--

Holdings After Transaction: Dividend Equivalent Units-NQDC — 2,354.353 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Units granted: 18.9055 units Total DEUs/DSUs after grant: 2,354.3531 units Grant price: $0.0000 per unit

3 metrics

Dividend Equivalent Units granted 18.9055 units DEUs earned on DSUs for board service

Total DEUs/DSUs after grant 2,354.3531 units Deferred balance including DSUs and DEUs

Grant price $0.0000 per unit Compensation award, no cash paid by director

Key Terms

Dividend Equivalent Units (DEUs), Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, vest 100%

4 terms

Dividend Equivalent Units (DEUs) financial

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

Deferred Stock Units (DSUs) financial

"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)"

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^*

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)
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		18.9055		(1)	(1)	Common Stock	18.9055	$0.00(1)	2,354.3531	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 Sarah A. Slusser	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 did Prologis (PLD) director Sarah A. Slusser report in this Form 4?

Sarah A. Slusser reported receiving 18.9055 Dividend Equivalent Units as a compensation-related award. These units are linked to previously granted Deferred Stock Units and reflect dividends paid on Prologis common stock rather than an open-market share purchase or sale.

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

Dividend Equivalent Units represent credits earned on Deferred Stock Units at the Prologis common stock dividend rate. Instead of paying cash, the company credits additional units, which are later settled in Prologis common stock on a one-for-one share basis when the deferred units are paid.

How and when do Sarah A. Slusser’s DEUs and DSUs in Prologis (PLD) vest?

The DEUs and the underlying Deferred Stock Units vest 100% on the earlier of the first anniversary of the grant date or the first Prologis annual stockholders’ meeting after the grant date. This schedule aligns vesting with board service and annual shareholder governance events.

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

DEUs and Deferred Stock Units are ultimately paid in Prologis common stock, at one share per unit. The receipt of DEUs is deferred along with the underlying DSUs, so directors receive shares at a later date instead of current cash or current stock delivery.

What is Sarah A. Slusser’s total deferred DEU/DSU balance with Prologis (PLD)?

After this award, her deferred balance in the Nonqualified Deferred Compensation Plan is 2,354.3531 units. This total includes both previously granted Deferred Stock Units and accumulated Dividend Equivalent Units, all ultimately payable in Prologis common stock on a one-for-one basis.