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PLDPrologis · Insider ownership research

Prologis insiders sold $18.3M in the past 12 months. How much of their stake is that?

About 1.6% overall. As a group they still hold 99.5% of their starting shares. These figures leave out Hamid Moghadam, the largest holder (holdings couldn't be fully reconciled).

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 133 of the 416 other companies we can measure (#284 of 417)See ranking
0
buyers among officers and directors, past 12 months
45%
of sales were under disclosed trading plans, past 12 months
5 of 21
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Jul 16, 2026Hamid Moghadam sold 50K shares ($7.5M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Hamid Moghadam
Director
50,000$149.91n/an/aJul 16, 2026Jul 20, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? In line with the past 5 years. 5 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Oct 2 for a stock award on Sep 30. James Connor received an award of 52 shares. Filing
80 SEC ownership filings in the period · See the evidence

What stands out

James Connor sold $10.1M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Oct 24, 2025

Percentages cover 8 of 21 officers and directors. 13 are left out

i
Left out: Hamid Moghadam, James Connor, George Fotiades, Lydia Kennard, Avid Modjtabai, Cristina Bita, Olivier Piani, Guy Metcalfe and Sarah Slusser (holdings couldn't be fully reconciled); Irving Lyons III (most holdings were last confirmed in 2023); Lori Palazzolo (most holdings were last confirmed in 2013); Carter Andrus and Damon Austin (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

Sold
James Connor
Director
Sold $10.1M (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$10.1MNo plan disclosed
Hamid Moghadam
Director
Sold $7.5M (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$7.5MDisclosed plan
Timothy Arndt
Chief Financial Officer
100% · $540KDisclosed plan
Cristina Bita
Director
Sold $141K (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$141KDisclosed plan
Sarah Slusser
Director
Sold $1K (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$1KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $10.1M no plan disclosed$10.1MOctNov 2025: $62K under a disclosed planNovDec 2025: $79K under a disclosed planDecJan 2026: $1K no plan disclosedJanFebMarAprMayJun 2026: $540K under a disclosed planJunJul 2026: $7.5M under a disclosed planJulAugSepOct

Common questions

Is the Prologis CEO selling stock?

No. Daniel Letter reported no open-market sales in the past 12 months.

Why are Prologis insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 45% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 55% had no disclosed plan. A trading plan schedules sales in advance.

Are any Prologis insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Prologis insiders sell?

About 1.6% overall. As a group they still hold 99.5% of their starting shares. These figures leave out Hamid Moghadam, the largest holder (holdings couldn't be fully reconciled). That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
James Connor
Director
$10.1M
80K shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
Hamid Moghadam
Director
$7.5M
50K shares
i
No percentage: holdings couldn't be fully reconciled.
Disclosed plan
Timothy Arndt
Chief Financial Officer
$540K
3.6K shares
100%Disclosed plan
Cristina Bita
Director
$141K
1.1K shares
i
No percentage: holdings couldn't be fully reconciled.
Disclosed plan
Sarah Slusser
Director
$1K
10 shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
The full ownership picture12 of 21 insiders fully reconciled · 19 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Hamid Moghadam
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -887,314 shares on Mar 31, 2026 (Trust). See the filing Sales and other transactions for Hamid Moghadam are complete.
Director
n/a−50Kn/an/a
Vesting, gifts, unvested awards and holding lines for Hamid Moghadam
0shares vested or exercised
0gifted (net of own trusts)
7.45M → 7.69Munvested awards, start → end
  • An owner entity could not be identified from the footnotes.
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -887,314 shares on Mar 31, 2026 (Trust). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
LLCCommon Stock1,019,0890
Rabbi TrustCommon Stock925,407925,407
TrustCommon Stock131,775131,775

Additional holdings last reported May 20, 2013, not confirmed since: 1,192,071 shares. Not included in any total or percentage on this page.

James Connor
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +4,634.473 shares on Oct 23, 2025 (Direct). See the filing Sales and other transactions for James Connor are complete.
Director
n/a−80Kn/an/a
Vesting, gifts, unvested awards and holding lines for James Connor
+2Kshares vested or exercised
0gifted (net of own trusts)
10K → 25Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +4,634.473 shares on Oct 23, 2025 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock01,984
Linda P. Connor Declaration of Trust, dated 6/30/05Common Stock4,2344,234
DirectDividend Equivalent Units - NQDC6,4626,378
DirectDividend Equivalent Units-NQDC1,8286,462
DirectUnits403,782323,782
Carl Webb
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
169K0169Kno sales
Vesting, gifts, unvested awards and holding lines for Carl Webb
0shares vested or exercised
0gifted (net of own trusts)
155K → 155Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock119,786119,786
DirectDividend Equivalent Units - NQDC25,35625,356
DirectPhanton Shares-NQDC23,54123,541

Additional holdings last reported Mar 31, 2014, not confirmed since: 9,050 shares. Not included in any total or percentage on this page.

Irving Lyons III
!
Most of this insider's holdings were last confirmed in 2023. Confirmed in the last three years: 100,293 shares. Not confirmed since: 154,024 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
56K0100Ksee note
Vesting, gifts, unvested awards and holding lines for Irving Lyons III
0shares vested or exercised
0gifted (net of own trusts)
61K → 61Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock043,825
Lyons Family Trust (CP)Common Stock22,43122,431
Katherine Ashley Lyons TrustCommon Stock1,0001,000
DirectDividend Equivalent Units - NQDC32,51533,037

Additional holdings last reported Sep 29, 2023, not confirmed since: 154,024 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of -171 shares. Difference is under 0.5% of holdings.

George Fotiades
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +32,187.3979 shares on Jun 30, 2026 (Direct). See the filing Sales and other transactions for George Fotiades are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for George Fotiades
+1.7Kshares vested or exercised
−1.8Kgifted (net of own trusts)
133K → 272Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +32,187.3979 shares on Jun 30, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock1,8241,687
TrustCommon Stock8,0008,000
DirectDividend Equivalent Units28,75929,221
DirectDividend Equivalent Units (Pre-Merger)023,801
DirectDividend Equivalent Units - NQDC15,18346,685

Additional holdings last reported Jun 29, 2012, not confirmed since: 31,476 shares. Not included in any total or percentage on this page.

Lydia Kennard
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). See the filing Sales and other transactions for Lydia Kennard are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Lydia Kennard
+2Kshares vested or exercised
0gifted (net of own trusts)
19K → 30Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock32,42934,413
DirectDividend Equivalent Units - NQDC6,4626,378

Additional holdings last reported Mar 31, 2014, not confirmed since: 6,801 shares. Not included in any total or percentage on this page.

David Oconnor
i
Minor difference of 1,695 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals. Held through Limited Partnership; the director disclaims ownership beyond their own interest.
Director
37K039Kno sales
Vesting, gifts, unvested awards and holding lines for David Oconnor
0shares vested or exercised
0gifted (net of own trusts)
73K → 101Kunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • Held through Limited Partnership; the director disclaims ownership beyond their own interest.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock10,61710,617
DirectDividend Equivalent Units-NQDC25,89928,464

Additional holdings last reported Nov 28, 2022, not confirmed since: 34,000 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 1,695 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Avid Modjtabai
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). See the filing Sales and other transactions for Avid Modjtabai are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Avid Modjtabai
+2Kshares vested or exercised
0gifted (net of own trusts)
19K → 30Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock20,66122,645
DirectDividend Equivalent Units - NQDC6,4626,378
Cristina Bita
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +4,101.9173 shares on Jun 30, 2026 (Direct). See the filing Sales and other transactions for Cristina Bita are complete.
Director
n/a−1.1Kn/an/a
Vesting, gifts, unvested awards and holding lines for Cristina Bita
+2.8Kshares vested or exercised
0gifted (net of own trusts)
57K → 109Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +4,101.9173 shares on Jun 30, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock9,32911,023
DirectDividend Equivalent Units - NQDC5,2598,395
DirectPhanton Shares-NQDC3,6813,681
Olivier Piani
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). See the filing Sales and other transactions for Olivier Piani are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Olivier Piani
0shares vested or exercised
0gifted (net of own trusts)
−595withheld by the company for taxes
19K → 30Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock10,34011,729
DirectDividend Equivalent Units- NQDC6,4626,378
Joseph Ghazal
Chief Investment Officer
8.3K08.3Kno sales
Vesting, gifts, unvested awards and holding lines for Joseph Ghazal
0shares vested or exercised
0gifted (net of own trusts)
871K → 871Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock8,3428,342
Guy Metcalfe
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,695 shares on Jun 30, 2026 (Direct). See the filing Sales and other transactions for Guy Metcalfe are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Guy Metcalfe
0shares vested or exercised
0gifted (net of own trusts)
6.5K → 15Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,695 shares on Jun 30, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock1,5221,522
Metcalfe 2020 TrustCommon Stock978978
DirectDividend Equivalent Units-NQDC4,5096,378
Timothy Arndt
Chief Financial Officer
3.6K−3.6K00%
Vesting, gifts, unvested awards and holding lines for Timothy Arndt
0shares vested or exercised
0gifted (net of own trusts)
502K → 531Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3,5970
Trisha Burns
i
Started reporting during the period; starting holdings are from the Form 3.
Chief Accounting Officer
3.5K03.5Kno sales
Vesting, gifts, unvested awards and holding lines for Trisha Burns
0shares vested or exercised
0gifted (net of own trusts)
13K → 25Kunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3,5103,510
Deborah Briones
Chief Legal Officer/GC
3.1K03.1Kno sales
Vesting, gifts, unvested awards and holding lines for Deborah Briones
0shares vested or exercised
0gifted (net of own trusts)
216K → 235Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3,11613
By: Rabbi TrustCommon Stock03,103
Sarah Slusser
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,695 shares on Jun 30, 2026 (Direct). See the filing Sales and other transactions for Sarah Slusser are complete.
Director
n/a−10n/an/a
Vesting, gifts, unvested awards and holding lines for Sarah Slusser
0shares vested or exercised
0gifted (net of own trusts)
2.3K → 6.3Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,695 shares on Jun 30, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2111
DirectDividend Equivalent Units-NQDC2,3174,115
Lori Palazzolo
!
Most of this insider's holdings were last confirmed in 2013. Confirmed in the last three years: 654 shares. Not confirmed since: 16,702 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Chief Accounting Officer/MD
6500654see note
Vesting, gifts, unvested awards and holding lines for Lori Palazzolo
0shares vested or exercised
0gifted (net of own trusts)
349K → 355Kunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Small increase from a 401(k) plan. Filing
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock414414
401(k) PlanCommon Stock236240

Additional holdings last reported Jan 30, 2013, not confirmed since: 16,702 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 4 shares. Small increase from a 401(k) plan.

Alfred Kelly Jr.
i
Started reporting during the period; starting holdings are from the Form 3.
Director
5640564no sales
Vesting, gifts, unvested awards and holding lines for Alfred Kelly Jr.
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock278278
SpouseCommon Stock286286
Daniel Letter
Chief Executive Officer, Director
20020no sales
Vesting, gifts, unvested awards and holding lines for Daniel Letter
0shares vested or exercised
0gifted (net of own trusts)
1.00M → 958Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock2020

12 of 21 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (9 exactly, 3 with a minor or footnoted difference). For 9 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 8 of 21 officers and directors. Left out: Hamid Moghadam, James Connor, George Fotiades, Lydia Kennard, Avid Modjtabai, Cristina Bita, Olivier Piani, Guy Metcalfe and Sarah Slusser (holdings couldn't be fully reconciled); Irving Lyons III (most holdings were last confirmed in 2023); Lori Palazzolo (most holdings were last confirmed in 2013); Carter Andrus and Damon Austin (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$18.3M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $18.3M across 134,728 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($10.1M), including tax-related sales outside a plan.

No plan disclosed · $10.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $10.1M of it is James Connor. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: James Connor, Oct 24, 2025

Taxes

595 shares ($84K) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
James Connor
Director
80K$10.1M0%55%Oct 24, 2025 to Oct 24, 2025
Hamid Moghadam
Director
50K$7.5M100%41%Jul 16, 2026 to Jul 16, 2026
Timothy Arndt
Chief Financial Officer
3.6K$540K100%3%Jun 15, 2026 to Jun 15, 2026
Cristina Bita
Director
1.1K$141K100%0.8%Nov 3, 2025 to Dec 1, 2025
Sarah Slusser
Director
10$1K0%0.0%Jan 28, 2026 to Jan 28, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$10.1M$0$0$10.1M
Nov 2025$62K$62K$0$0
Dec 2025$79K$79K$0$0
Jan 2026$1K$0$0$1K
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$540K$540K$0$0
Jul 2026$7.5M$7.5M$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 5 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
135K5$18.3M
Oct 9, 2025
1 year earlier
38K5$4.3M
Oct 9, 2024
2 years earlier
130K2$17.2M
Oct 10, 2023
3 years earlier
11K1$1.3M
Oct 10, 2022
4 years earlier
369K3$54.2M
Oct 10, 2021
5 years earlier
34K2$4.4M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty9 insiders whose holdings couldn't be fully reconciled

Hamid Moghadam: holdings couldn't be fully reconciled (difference of -969,089 shares). Balance changed without a matching transaction, and the footnote does not state the amount: -887,314 shares on Mar 31, 2026 (Trust). Filing, Mar 31, 2026

Footnote: "Held indirectly in a trust with the reporting person as trustee."

James Connor: holdings couldn't be fully reconciled (difference of 4,345 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +4,634.473 shares on Oct 23, 2025 (Direct). Filing, Oct 23, 2025

Footnote: "Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is defer"

George Fotiades: holdings couldn't be fully reconciled (difference of 52,838 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +32,187.3979 shares on Jun 30, 2026 (Direct). Filing, Jun 30, 2026

Footnote: "Represents DEUs earned on DSUs associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is deferred along with the underlying DSUs. DSUs and DEUs a"

Lydia Kennard: holdings couldn't be fully reconciled (difference of -290 shares). Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). Filing, Jun 30, 2026

Footnote: "Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is defer"

Avid Modjtabai: holdings couldn't be fully reconciled (difference of -290 shares). Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). Filing, Jun 30, 2026

Footnote: "Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is defer"

Cristina Bita: holdings couldn't be fully reconciled (difference of 2,779 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +4,101.9173 shares on Jun 30, 2026 (Direct). Filing, Jun 30, 2026

Footnote: "Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is defer"

Olivier Piani: holdings couldn't be fully reconciled (difference of -290 shares). Balance changed without a matching transaction, and the footnote does not state the amount: -289.5492 shares on Jun 30, 2026 (Direct). Filing, Jun 30, 2026

Footnote: "Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is defer"

Guy Metcalfe: holdings couldn't be fully reconciled (difference of 1,695 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +1,695 shares on Jun 30, 2026 (Direct). Filing, Jun 30, 2026

Footnote: "Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is defer"

Sarah Slusser: holdings couldn't be fully reconciled (difference of 1,695 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +1,695 shares on Jun 30, 2026 (Direct). Filing, Jun 30, 2026

Footnote: "Represents Dividend Equivalent Units (DEUs) earned on Deferred Stock Units (DSUs) associated with current service on our board that are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding DSUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying DSUs vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis after the grant date (generally in May each year). The receipt of such DEUs is defer"

Irving Lyons III: minor difference of -171 shares. Difference is under 0.5% of holdings.

David Oconnor: minor difference of 1,695 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Lori Palazzolo: minor difference of 4 shares. Small increase from a 401(k) plan.

Inferred rename: "Custodial Trust" is treated as the same holder as "Custodial Accounts", because the old name was never reported again and the new one opened with the same balance (6,441 shares). Old name, new name

Inferred rename: "Lyons Family Trust" is treated as the same holder as "Lyons Family Trust (C.P.)", because the old name was never reported again and the new one opened with the same balance (22,431 shares). Old name, new name

Inferred rename: "Lyons Family Trust (C.P.)" is treated as the same holder as "Lyons Family Trust (CP)", because the old name was never reported again and the new one opened with the same balance (68,031 shares). Old name, new name

Inferred typo: the share class "Common Stocck" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (George Fotiades, 8,000 shares): old title, new title

Inferred typo: the share class "Dividend Equivalent Units-NQDC" is treated as the same class as "Dividend Equivalent Units - NQDC" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (David Oconnor, 21,560 shares): old title, new title

Inferred typo: the share class "Dividend Equivalent Units- NQDC" is treated as the same class as "Dividend Equivalent Units - NQDC" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Olivier Piani, 5,109 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,788 filings from SEC EDGAR, and how we read them

All 1,788 Forms 3, 4 and 5 filed for Prologis (SEC CIK 1045609) from Nov 19, 1997 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 24 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (27)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Edward NekritzSep 17, 2024199,989 shares, last reported balance as of Sep 13, 2024
Jeffrey SkeltonMay 13, 202476,581 shares, last reported balance as of May 9, 2024
Gary AndersonAug 22, 2023136,886 shares, last reported balance as of Aug 18, 2023
William ZollarsMay 8, 202337,602 shares, last reported balance as of May 4, 2023
Eugene ReillyJan 19, 20239,318 shares, last reported balance as of Oct 3, 2022
Michael CurlessJan 19, 202387,194 shares, last reported balance as of Jan 30, 2014
Thomas OlingerFeb 28, 202268,009 shares, last reported balance as of Dec 6, 2021
Michael LoshMay 1, 2020116,773 shares, last reported balance as of Apr 29, 2020
Philip HawkinsJan 3, 2020579,241 shares, last reported balance as of Dec 31, 2019
Christine GarveyMay 5, 201773,805 shares, last reported balance as of May 3, 2017
Michael SteuertMay 1, 201548,444 shares, last reported balance as of Apr 29, 2015
Guy JaquierJun 19, 2013353,063 shares, last reported balance as of Jun 17, 2013
Walter RakowichJan 2, 2013678,085 shares, last reported balance as of Dec 31, 2012
William SullivanMay 14, 2012235,995 shares, last reported balance as of May 11, 2012
Frederick ReidMay 9, 201120,044 shares, last reported balance as of May 5, 2011
Robert BurkeMay 9, 2011218,463 shares, last reported balance as of May 5, 2011
Thomas TusherMay 9, 201143,646 shares, last reported balance as of May 5, 2011
David ColeMay 9, 201155,600 shares, last reported balance as of May 5, 2011
Nina TranFeb 4, 201132,241 shares, last reported balance as of Feb 2, 2011
John Roberts Jr.Feb 12, 2009569,557 shares, last reported balance as of Feb 10, 2009
Afsaneh BeschlossMay 14, 20075,192 shares, last reported balance as of May 10, 2007
Michael CokeMay 3, 2007178,267 shares, last reported balance as of May 1, 2007
Blake BairdDec 5, 2006598,285 shares, last reported balance as of Dec 1, 2006
Bruce FreedmanApr 14, 2006272,484 shares, last reported balance as of Apr 1, 2006
David FriesJul 20, 2005132,813 shares, last reported balance as of Jul 18, 2005
Luis BelmonteAug 26, 2004178,714 shares, last reported balance as of Aug 25, 2004
Caryl WelbornMay 24, 200413,670 shares, last reported balance as of May 20, 2004

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