Connor James B. 4

What Happened Connor James B., a director of Prologis, received an award of 52.727 dividend-equivalent units (DEUs) on 2026-03-31. The transaction is reported as an acquisition of a derivative award at $0.00 per unit (total reported value $0). This was not an open-market purchase or sale of shares but an issuance of deferred compensation units.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears to be filed within the typical two-business-day window).
• Transaction type: A (Award/Grant) of derivative units (DEUs tied to Deferred Stock Units, DSUs).
• Units granted: 52.727 DEUs; reported price per unit: $0.00; reported total: $0.
• Shares owned after transaction: not specified in the provided summary.
• Footnote: DEUs accrue on outstanding DSUs at the Prologis dividend rate, vest 100% on the earlier of the first anniversary of the grant or the first annual meeting after grant, and are paid in Prologis common stock at a 1:1 ratio with DSUs (see filing footnote).

Context DEUs are a form of deferred compensation that track dividend equivalents on deferred stock units; they convert to actual Prologis shares when paid and do not involve an immediate cash outlay or open-market trading. Awards like this are routine compensation for directors and do not by themselves indicate a buy or sell market signal.