CARL B. WEBB - 08 May 2025 Form 4 Insider Report for Prologis, Inc. (PLD)

Role: Director
Signature: /s/ Tammy Colvocoresses, Attorney-in-Fact for Carl B. Webb
Issuer symbol: PLD
Transactions as of: 08 May 2025
Transactions value $: $3,132,293
Form type: 4
Filing time: 09 May 2025, 17:54:17 UTC
Previous filing: 06 May 2025
Next filing: 02 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
WEBB CARL B	Director	C/O PROLOGIS, INC., PIER 1, BAY 1, SAN FRANCISCO	/s/ Tammy Colvocoresses, Attorney-in-Fact for Carl B. Webb	09 May 2025	0001267958

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLD	Common Stock	Options Exercise	$3,132,292	+29,820	+33.15%	$105.04	119,786	08 May 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	-4,070	-100%	$0	0	08 May 2025	Common Stock	4,069	$0	Direct	F1
transaction	PLD	Phantom Shares - NQDC	Options Exercise	$0	-25,750	-1%	$0	0	08 May 2025	Common Stock	25,750	$0	Direct	F2

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

CARL B. WEBB is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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). Mr. Webb retired from our board on May 8, 2025. The DSUs and DEUs convert into Prologis common stock on a 1-for1 basis, and have no exercise price or expiration date. The difference of .28 shares represents cummulative fractional shares which have been converted to a cash payout.
F2	Conversion of director fees that the reporting person has elected to defer into phantom shares under the NQDC Plan. These phantom shares are vested upon issuance and accrue DEUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. Phantom shares and DEUs are paid in the form of Prologis common stock at the rate of one common share per phantom share or DEU in accordance with the deferral election made by the reporting person, or upon termination of service. Balance in column 9 includes 25707.6057 phantom shares and 42.8173 DEUs.

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). Mr. Webb retired from our board on May 8, 2025. The DSUs and DEUs convert into Prologis common stock on a 1-for1 basis, and have no exercise price or expiration date. The difference of .28 shares represents cummulative fractional shares which have been converted to a cash payout.

Conversion of director fees that the reporting person has elected to defer into phantom shares under the NQDC Plan. These phantom shares are vested upon issuance and accrue DEUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. Phantom shares and DEUs are paid in the form of Prologis common stock at the rate of one common share per phantom share or DEU in accordance with the deferral election made by the reporting person, or upon termination of service. Balance in column 9 includes 25707.6057 phantom shares and 42.8173 DEUs.