OCONNOR DAVID P 4

What Happened
David P. O'Connor, a director of Prologis (PLD), was awarded 221.239 Dividend Equivalent Units (DEUs) tied to Deferred Stock Units (DSUs) on 2026-06-30. The units were granted at no cash cost to the insider (reported price $0.00); DEUs and DSUs are payable in Prologis common stock at a 1:1 rate when paid.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (filed within the normal Form 4 reporting window).
• Transaction type: Award/Grant of derivative units (code A).
• Units granted: 221.239 DEUs (reported as 221.239 shares, $0.00 acquisition price).
• Shares owned after transaction: Not specified in the provided extract; the filing’s column 9 balance includes DSUs and DEUs.
• Footnote highlights: DEUs accrue at the Prologis dividend rate on outstanding DSUs, vest 100% on the earlier of the first anniversary of the grant or the first annual meeting after the grant (generally in May), and are paid in common stock (one share per DSU/DEU).

Context
DEUs are a form of deferred, dividend-based compensation tied to DSUs and are not an open-market purchase or sale. They represent additional stock-equivalent compensation that will convert into shares when vested/paid; they do not by themselves signal a buy/sell decision by the insider.