Form 4: Prologis Director Gifts Shares Under 10b5-1 Plan

Prologis Director George L. Fotiades reported gifting 1,824 shares of common stock, reducing his direct beneficial ownership to zero, while retaining indirect ownership through a trust.

Summary

• George L. Fotiades, a Director of Prologis, Inc. (PLD), reported a change in beneficial ownership.
• The transaction involved the disposition of 1,824 shares of Prologis Common Stock.
• The transaction occurred on December 9, 2025, and was a gift (Transaction Code 'G') with a price of $0.00 per share.
• Following this transaction, Mr. Fotiades directly owns 0 shares of Prologis Common Stock.
• He continues to indirectly own 8,000 shares of Common Stock through a trust, where his spouse is the sole trustee and he has no voting or investment power.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged disposition.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction report (a gift under a 10b5-1 plan), which does not inherently indicate positive or negative sentiment about the company's prospects.

Positives

• The transaction was a gift, not a sale for personal profit, which can be viewed neutrally or positively regarding insider confidence.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-arranged, non-discretionary transaction designed to avoid insider trading accusations.

Negatives

• A director gifting shares reduces their direct stake in the company, though indirect ownership remains. This is a reduction in direct holdings.

Future Outlook

No future outlook or guidance is provided in this Form 4 filing, as it is solely a report on an insider's change in beneficial ownership.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape. It reflects an individual director's management of personal shareholdings.

Related Party Transactions

• George L. Fotiades indirectly holds 8,000 shares of Common Stock in a trust where his spouse is the sole trustee, and he has no voting or investment power.

Stakeholder Impact

• Shareholders: The direct beneficial ownership of a director decreased by 1,824 shares due to a gift, which is a minor change in insider holdings. The overall outstanding shares of the company remain unchanged.

Key Dates

Keywords

Prologis, PLD, Form 4, Insider Transaction, Beneficial Ownership, Director, Stock Gift, 10b5-1 Plan