Prologis Director Lydia H. Kennard Receives Dividend Equivalent Units

Executive Summary

On October 2, 2026, Prologis, Inc. ($PLD) reported a Form 4 transaction for Director Lydia H. Kennard. On September 30, 2026, Kennard acquired 52.1336 Dividend Equivalent Units (DEUs) under the company's Nonqualified Deferred Compensation Plan at an acquisition price of $0.00 per share.

Transaction Breakdown

• Security: Dividend Equivalent Units - NQDC (convertible into Common Stock 1-for-1)
• Transaction Code: A (Grant/Award/Allocation)
• Units Acquired: 52.1336
• Price per Unit: $0.00
• Total Transaction Value: $0.00
• Post-Transaction Beneficial Ownership: 6,378.3268 units (includes DSUs and DEUs)

Filing Details & Market Context

These DEUs were earned on existing Deferred Stock Units (DSUs) associated with Kennard's service on the Prologis Board of Directors. The units accrue at the standard Prologis common stock dividend rate at dividend payment dates and vest according to the underlying DSU schedule (earlier of the first anniversary of grant or the annual stockholders meeting). Because this is an automated, dividend-driven accrual rather than a discretionary open-market trade, it carries low trading significance.