Form 4: Prologis Director Fotiades Boosts Equity Holdings

Prologis Director George L. Fotiades acquired 980.77 Dividend Equivalent Units, increasing his beneficial ownership in the company.

Summary

• Director George L. Fotiades of Prologis, Inc. acquired a total of 980.7667 Dividend Equivalent Units (DEUs) on September 30, 2025.
• These DEUs represent future common stock, with each unit convertible into one share of Prologis common stock.
• The acquisition includes 201.5187 DEUs earned on Deferred Stock Units (DSUs) from previous service, increasing that specific beneficial ownership to 23,050.9415 units.
• An additional 395.0936 DEUs were earned on DSUs from current service, bringing that beneficial ownership to 45,193.2325 units.
• Fotiades also acquired 132.7357 DEUs on director fees deferred into phantom shares, resulting in 15,183.1181 units in that category.
• Finally, 251.4187 DEUs were earned on phantom shares from previous service, increasing that beneficial ownership to 28,758.7965 units.
• All acquired DEUs vest upon issuance or are already vested, with the receipt of the underlying common stock deferred until a later date, typically upon termination of service or according to deferral elections.

Sentiment

Score: 6

Explanation: Slightly positive due to a director increasing their beneficial ownership, indicating continued alignment with shareholder interests, though it's a routine compensation accrual rather than an open market purchase.

Positives

• Director George L. Fotiades increased his beneficial ownership in Prologis, further aligning his interests with shareholders.
• The acquisition of Dividend Equivalent Units (DEUs) demonstrates ongoing participation in the company's equity compensation plans.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing, common across all publicly traded companies, reflecting director compensation and equity alignment. It does not provide specific industry context for Prologis.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to higher beneficial ownership.

Next Steps

• The acquired Dividend Equivalent Units (DEUs) will eventually be paid out in the form of Prologis common stock, typically upon termination of service or according to deferral elections.

Key Dates

Keywords

Prologis, PLD, George L. Fotiades, Director, Insider Transaction, Form 4, Dividend Equivalent Units, DEUs, Deferred Stock Units, DSUs, Nonqualified Deferred Compensation Plan, NQDC, Equity Compensation