Lydia H. Kennard - May 4, 2025 Form 4 Insider Report for Prologis, Inc. (PLD)

Role: Director
Signature: /s/ Tammy Colvocoresses, Attorney-in-Fact for Lydia H. Kennard
Stock symbol: PLD
Transactions as of: May 4, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/6/2025, 05:21 PM
Previous filing: Apr 2, 2025
Next filing: May 9, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
KENNARD LYDIA H	Director	C/O PROLOGIS, INC., PIER 1, BAY 1, SAN FRANCISCO	/s/ Tammy Colvocoresses, Attorney-in-Fact for Lydia H. Kennard	2025-05-06	0001223115

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLD	Common Stock	Options Exercise	$0	+1.62K	+5.25%	$0.00	32.4K	May 4, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PLD	Deferred Stock Units and Dividend Equivalent Units-NQDC	Options Exercise	$0	-1.62K	-28.45%	$0.00	4.07K	May 4, 2025	Common Stock	1.62K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). Original grant terms provided for release of shares on the earlier of (a) the third anniversary of the Grant Date (May 4, 2022) or (b) the first annual meeting of the stockholders of Prologis. Shares were released on May 4, 2025. DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis and have no exercise price or expiration date.

Content

Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). Original grant terms provided for release of shares on the earlier of (a) the third anniversary of the Grant Date (May 4, 2022) or (b) the first annual meeting of the stockholders of Prologis. Shares were released on May 4, 2025. DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis and have no exercise price or expiration date.