KENNARD LYDIA H 4

What Happened Lydia H. Kennard, a director of Prologis, received an award of 52.727 dividend-equivalent units (DEUs) on March 31, 2026. The transaction is recorded as an award/grant (code A) at $0.00 per share (derivative award), so no cash was paid. These DEUs are tied to Deferred Stock Units (DSUs) under Prologis’ Nonqualified Deferred Compensation Plan and will be paid in Prologis common stock at a one-for-one rate when settled.

Key Details

• Transaction date: 2026-03-31; Filing date (accession): 2026-04-02 — filing appears timely.
• Transaction type/code: Award/Grant (A); 52.727 DEUs acquired at $0.00 (derivative interest).
• Shares/units owned after transaction: Not specified in the provided extract; the Form 4 balance column includes both DSUs and DEUs.
• Footnote: DEUs accrue on outstanding DSUs at the company dividend rate, vest 100% on the earlier of the first anniversary of the grant or the first annual meeting of stockholders after the grant, and are paid in Prologis common stock at one share per DSU/DEU.

Context This was a routine director compensation credit (dividend equivalents on deferred stock units), not a market purchase or sale. DEUs represent future stock paid under the NQDC plan and do not require cash outlay; they are typically administrative/compensation items rather than direct signals of insider buying or selling.