Prologis (PLD) director Avid Modjtabai awarded 52.7 dividend units

Rhea-AI Filing Summary

Prologis, Inc. director Avid Modjtabai received a grant of 52.7265 Dividend Equivalent Units (DEUs) linked to Deferred Stock Units (DSUs) under the company’s Nonqualified Deferred Compensation Plan. These DEUs accrue at the Prologis common stock dividend rate and convert into common shares on a one-for-one basis with the underlying DSUs.

Following this routine compensation-related acquisition, Modjtabai’s reported balance of DSUs and DEUs increased to 6,566.1670 units. The DEUs and DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual stockholder meeting after the grant date, with receipt deferred until payout in Prologis common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Modjtabai Avid

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 Conversion rate: 1 share per DSU or DEU

3 metrics

Dividend Equivalent Units granted 52.7265 units Grant/award acquisition on dividend equivalents

Total DSUs and DEUs after transaction 6,566.1670 units Balance in column 9 including DSUs and DEUs

Conversion rate 1 share per DSU or DEU Payout in Prologis common stock

Key Terms

Dividend Equivalent Units (DEUs), Deferred Stock Units (DSUs), Nonqualified Deferred Compensation Plan, Prologis common stock dividend rate

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)."

Prologis common stock dividend rate financial

"DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate..."

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^*

Modjtabai Avid

(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 Avid Modjtabai	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 Avid Modjtabai report?

Avid Modjtabai reported acquiring 52.7265 Dividend Equivalent Units as a compensation grant. These units are tied to Deferred Stock Units under Prologis’ Nonqualified Deferred Compensation Plan and will be paid in Prologis common stock on a one-for-one basis after vesting and deferral.

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

Dividend Equivalent Units are credits earned on Deferred Stock Units at the Prologis common stock dividend rate. They mirror dividends paid on Prologis shares and are ultimately settled in Prologis common stock at one share per DEU, alongside the related Deferred Stock Units.

How and when do the Prologis (PLD) DSUs and DEUs for Avid Modjtabai vest?

The DSUs and associated DEUs vest 100% on the earlier of two dates. Vesting occurs on the first anniversary of the grant date or at the first annual meeting of Prologis stockholders after the grant date, which is generally held in May each year.

How many Deferred Stock Units and Dividend Equivalent Units does Avid Modjtabai hold after this Prologis (PLD) transaction?

After this transaction, the reported balance in column 9 is 6,566.1670 units. This total includes both Deferred Stock Units and Dividend Equivalent Units that are deferred and ultimately payable in Prologis common stock on a one-for-one basis per unit.

How are the Prologis (PLD) DEUs and DSUs ultimately paid to Avid Modjtabai?

Both DEUs and DSUs are paid in Prologis common stock at a one-to-one rate. For each Deferred Stock Unit or Dividend Equivalent Unit, Modjtabai will receive one share of Prologis common stock when the deferred compensation is ultimately settled under the plan’s terms.