OCONNOR DAVID P 4

What Happened David P. O'Connor, a director of Prologis, was granted 1,695 Deferred Stock Units (DSUs) on April 28, 2026. The award is reported as an acquisition (grant) at $0.00 per unit (transaction code A) and is a derivative equity award rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-04-28 (Form 4 filed 2026-04-30).
• Award: 1,695 DSUs; reported price $0.00; classified as a derivative award (grant).
• Vesting: 100% vests on the earlier of the first anniversary of the grant or the first annual meeting of stockholders after the grant.
• Deferral: DSUs are generally deferred under the Prologis Nonqualified Deferred Compensation Plan until April 28, 2029.
• Dividend treatment: DSUs earn dividend equivalent units (DEUs) when dividends are paid.
• Conversion: DSUs and accrued DEUs convert into Prologis common stock on a 1-for-1 basis; no exercise or expiration date.
• Ownership reporting: The filing notes that the “shares owned” balance includes DSUs and DEUs (exact post-transaction total not provided here).
• Timeliness: Filing appears timely (transaction 4/28/2026; Form 4 filed 4/30/2026).

Context DSUs are a form of deferred equity compensation commonly used for director pay: they represent the right to receive shares in the future (and accumulate dividend equivalents) rather than an immediate cash or stock trade. Because this was a compensation grant, it is routine director compensation rather than an open-market purchase or sale by the insider.