Form 4: Prologis Director Sarah Slusser Receives DSU Grant

Prologis, Inc. director Sarah A. Slusser was granted 1,695 deferred stock units as part of standard equity compensation.

Summary

• Director Sarah A. Slusser received a grant of 1,695 Deferred Stock Units (DSUs) on April 28, 2026.
• The DSUs are valued at $0 at the time of grant and are convertible into common stock on a 1-for-1 basis.
• The units vest on the earlier of the first anniversary of the grant or the next annual stockholders' meeting.
• The units are deferred under the company's Nonqualified Deferred Compensation Plan until April 28, 2029.
• Following this transaction, the director's total beneficial ownership of DSUs and dividend equivalent units is 4,049.3531.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Market volatility affecting the future value of the underlying common stock upon conversion.

Future Outlook

The DSUs are scheduled to vest in 2027 and are deferred until 2029, indicating a long-term holding period for the director's equity interest.

Industry Context

StockSavvy.ai notes that this is a routine equity grant for a board member, consistent with standard corporate governance practices in the REIT sector to ensure director alignment with shareholders.

Comparison to Industry Standards

• The grant structure is consistent with standard equity compensation packages for independent directors at large-cap REITs like Prologis.
• The use of deferred stock units is a common mechanism to encourage long-term retention and alignment among board members.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard, non-dilutive equity compensation event.

Next Steps

• Vesting of the 1,695 DSUs on the earlier of the first anniversary or the next annual meeting.
• Conversion of units to common stock on April 28, 2029.

Key Dates

Keywords

Prologis, PLD, Director Compensation, Deferred Stock Units, Insider Transaction, SEC Form 4