FOTIADES GEORGE L 4
4 · Prologis, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Prologis (PLD) Director George Fotiades Receives Stock Award
What Happened
- George L. Fotiades, a director of Prologis, received four awards on 2026-03-31 totaling 915.334 derivative units (188.074 + 368.735 + 123.880 + 234.645). No cash price or dollar value is reported because these are deferred/dividend-equivalent units (DEUs/DSUs/phantom shares), not open-market purchases or sales. These units represent rights to receive Prologis common stock (typically at a 1:1 ratio) under director compensation and deferral arrangements.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely).
- Items received (and associated footnotes):
- 188.074 units (F1) — DEUs on DSUs from prior service assumed in 2011.
- 368.735 units (F2) — DEUs on DSUs from current board service under the NQDC Plan (vesting: 100% on earlier of first anniversary or first annual meeting).
- 123.880 units (F3) — DEUs on phantom shares from deferred director fees (vested upon issuance).
- 234.645 units (F4) — DEUs on phantom shares from prior ProLogis board service assumed in 2011.
- Total units granted: 915.334 derivative units (convertible to common shares at 1 share per unit when paid).
- Post-transaction share balance is not specified in the summary provided.
- No sale/purchase price (N/A) and no indication of a 10b5-1 plan or tax-withholding sale in the filing.
Context
- These awards are routine director compensation in the form of deferred stock units, phantom shares, and dividend-equivalent units. They do not reflect an open-market purchase or sale and are typically paid out in shares later (or upon termination) rather than representing an immediate cash transaction. For retail investors, such grants are standard compensation and should not be read as a direct buy/sell signal.
Insider Transaction Report
Form 4
FOTIADES GEORGE L
Director
Transactions
- Award
Dividend Equivalent Units
[F1]2026-03-31+188.074→ 23,421.386 total→ Common Stock (188.074 underlying) - Award
Dividend Equivalent Units - NQDC
[F2]2026-03-31+368.735→ 45,919.52 total→ Common Stock (368.735 underlying) - Award
Dividend Equivalent Units - NQDC
[F3]2026-03-31+123.88→ 15,427.122 total→ Common Stock (123.88 underlying) - Award
Dividend Equivalent Units
[F4]2026-03-31+234.645→ 29,220.971 total→ Common Stock (234.645 underlying)
Footnotes (4)
- [F1]Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with previous service on the board of ProLogis, our merger partner, and assumed by us in June 2011. DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs vest upon issuance and the receipt of such DEUs is deferred, as are the underlying DSUs, during the period the reporting person serves as a director. 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.
- [F2]Represents DEUs earned on 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.
- [F3]Represents DEUs earned on director fees that the reporting person has elected to defer into phantom shares under the NQDC Plan. These phantom shares are vested upon issuance and accrue DEUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. Phantom shares and DEUs are paid in the form of Prologis common stock at the rate of one common share per phantom share or DEU in accordance with the deferral election made by the reporting person, or upon termination of service. Balance in column 9 includes phantom shares and DEUs.
- [F4]Represents DEUs earned on phantom shares associated with previous service on the board of ProLogis, our merger partner, and assumed by us in June 2011. DEUs accrue on outstanding phantom shares at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs vest upon issuance and the receipt of such DEUs is deferred in accordance with the deferral election made by the reporting person applicable to the underlying phantom shares. Phantom shares and DEUs are paid in the form of Prologis common stock at the rate of one common share per Phantom share or DEU. Balance in column 9 includes phantom shares and DEUs.
Signature
/s/ Tammy Colvocoresses, Attorney-In-Fact for George L. Fotiades|2026-04-02