Prologis Director Avid Modjtabai Receives Routine Dividend Equivalent Units

Transaction Analysis: Prologis, Inc. ($PLD)

Overview

On October 2, 2026, Prologis, Inc. filed a Form 4 on behalf of Director Avid Modjtabai. The report reflects the acquisition of 52.1336 Dividend Equivalent Units (DEUs) on September 30, 2026, at an exercise/acquisition price of $0.00.

Transaction Details

• Security: Dividend Equivalent Units - NQDC (Derivative)
• Underlying Security: Common Stock (1-for-1 conversion rate)
• Transaction Code: A (Grant, award, or other acquisition)
• Shares Acquired: 52.1336
• Post-Transaction Holdings: 6,378.3268 units (includes DSUs and accrued DEUs held directly)

Context & Plan Mechanics

According to footnote disclosure, the reported units represent Dividend Equivalent Units earned on outstanding Deferred Stock Units (DSUs) under the Prologis, Inc. Nonqualified Deferred Compensation Plan (NQDC Plan). These units accrue automatically at the regular common stock dividend rate whenever Prologis pays dividends. They vest according to the underlying DSU schedule and are ultimately paid in common stock upon distribution.

Market & Trading Significance

This transaction carries Low significance as it represents an automatic, non-discretionary accrual of dividend equivalents pursuant to a standard director deferred compensation program, rather than an open-market purchase or sale.