Connor James B. 4

What Happened

• Connor James B., a director of Prologis (PLD), was awarded 49.575 dividend-equivalent units (DEUs) associated with Deferred Stock Units (DSUs) on 2026-06-30. The transaction is reported as an award/acquisition (Form 4 code A) with a reported price of $0.00 because these are deferred, derivative units rather than a cash purchase.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (file date is within the typical two-business-day reporting window for Form 4s).
• Amount acquired: 49.575 DEUs; reported price/value: $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided summary; the Form 4’s Column 9 balance (not included here) includes DSUs and DEUs.
• Footnotes:
  • F1: These are Dividend Equivalent Units (DEUs) earned on DSUs under Prologis’s Nonqualified Deferred Compensation Plan. DEUs accrue at the company dividend rate, vest 100% on the earlier of the first anniversary of the grant or the next annual shareholder meeting, and are paid in Prologis common stock at one share per DSU/DEU.
  • F2: The units have no exercisable date or expiration date.

Context

• This is a non-cash, derivative award tied to director compensation (deferred stock units and dividend equivalents), not an open-market buy or sale. Such grants are routine for board members and reflect compensation deferral and dividend accrual mechanics rather than an active trading decision.