Prologis (PLD) Director Cristina Bitá Converts Deferred Shares

What Happened
Cristina Bitá, a director of Prologis, converted deferred compensation into common stock on September 17, 2026. The Form 4 shows she acquired 1,687 and 1,128 shares (total 2,815 shares) via exercise/conversion of deferred/phantom units (reported with $0 cash paid). The filing also reports related fractional disposals (1,687.588 and 1,129.37) in connection with the derivative conversions.

Key Details

• Transaction date: September 17, 2026; Form 4 filed September 21, 2026 (filed 4 days after the transaction; Form 4s are normally due within 2 business days).
• Reported price: $0.00 (these were non‑cash conversions of deferred units, not open‑market purchases).
• Shares received: 1,687 and 1,128 shares (total 2,815). Report shows fractional disposals of 1,687.588 and 1,129.37 in connection with the conversions.
• Shares owned after the transaction: not provided in the excerpt supplied.
• Footnotes:
  • F1 — Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) under the Nonqualified Deferred Compensation Plan; convert 1-for-1 to common stock, no exercise price or expiration.
  • F2 — Conversion of phantom shares and DEUs under the Nonqualified Deferred Compensation Plan; paid 1-for-1 in common stock, no exercise price or expiration.

Context
This was a conversion/settlement of deferred compensation (DSUs/DEUs and phantom shares) into stock, reported as a non‑cash transaction. Such conversions are routine payouts of previously awarded or deferred compensation and do not necessarily indicate a director’s buy/sell sentiment. The filing does not show an immediate sale of the shares received.