FOTIADES GEORGE L 4

What Happened
George L. Fotiades, a director of Prologis, received a grant of 1,695 Deferred Stock Units (DSUs) on April 28, 2026. The grant is reported as an award (code A) at $0.00 per unit (no cash changed hands). These DSUs are derivative awards that will convert into Prologis common stock on a 1-for-1 basis and earn dividend equivalent units (DEUs).

Key Details

• Transaction date: 2026-04-28; Filing date (Form 4): 2026-04-30 (reported two days after grant).
• Transaction type/code: Award/Grant (A); reported price per unit: $0.00; number of units: 1,695.
• Shares owned after transaction: not disclosed in the provided excerpt (note: column 9 balance in the filing includes DSUs and accrued DEUs).
• Footnote summary: DSUs vest 100% on the earlier of one year from grant or the first annual meeting after the grant, are generally deferred under the Nonqualified Deferred Compensation Plan until April 28, 2029, earn DEUs when dividends are paid, have no exercise/expiration date, and convert to common stock 1-for-1.
• Timeliness: Filing occurred two days after the grant (appears timely).

Context: This was a director compensation award (deferred equity), not an open-market purchase or sale. DSU grants are common for non-employee directors and represent future shareholders’ exposure once converted; they do not by themselves indicate a buy/sell decision.