OCONNOR DAVID P 4

What Happened
David P. O'Connor, a director of Prologis, received an award of 211.314 shares (recorded as Dividend Equivalent Units on Deferred Stock Units) on 2026-03-31. The transaction is reported as an award/acquisition (code A) at $0.00 per share, so no cash was paid or received. The units are derivative (DEUs tied to DSUs) and will be paid in Prologis common stock at a 1-for-1 rate when distributed.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (no late filing indicated).
• Amount: 211.314 shares (DEUs) at $0.00 each; reported value $0.
• Transaction type: Award/Grant of Dividend Equivalent Units on Deferred Stock Units under the Prologis NQDC Plan.
• Shares owned after transaction: Not specified in the provided extract; footnote says balance in the filing's column 9 includes DSUs and DEUs.
• Relevant footnote: DEUs accrue at the Prologis dividend rate, vest 100% on the earlier of the first anniversary of grant or the first annual meeting after grant, and are paid in Prologis common stock.

Context
This was a derivative award tied to deferred compensation (dividend equivalents on DSUs), not an open-market purchase or sale. Such awards are routine for non-employee directors and do not involve an immediate cash transaction; they should be interpreted as compensation, not a direct buy/sell signal.