FOTIADES GEORGE L 4

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.