Lori A. Palazzolo - Jan 16, 2024 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chief Accounting Officer/MD
Signature
/s/ Tammy Colvocoresses Attorney-In-Fact for Lori A. Palazzolo
Stock symbol
PLD
Transactions as of
Jan 16, 2024
Transactions value $
$56
Form type
4
Date filed
1/18/2024, 05:30 PM
Previous filing
Aug 22, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PLD Common Stock 224 Jan 16, 2024 By 401(k) Plan 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 LTIP Units Award $21.60 +2.16K +1.93% $0.01* 114K Jan 16, 2024 Common Stock 2.16K $0.00 Direct F2, F3
transaction PLD Restricted Stock Units Award $0 +3.37K $0.00 3.37K Jan 16, 2024 Common Stock 3.37K $0.00 Direct F4
transaction PLD LTIP Units Award $34.60 +3.46K +3.03% $0.01* 118K Jan 16, 2024 Common Stock 3.46K $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares held in the company's 401(k) Plan as of December 31, 2023.
F2 Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 1/16/2025, 1/16/2026, 1/16/2027 and 1/16/2028 subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").
F3 Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in Prologis, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of Common Stock of the Company (the "Common Stock"), except that the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP Units into Common Units and redeem Common Units have no expiration dates.
F4 Restricted Stock Units (RSUs) granted in exchange for a cash bonus on January 16, 2024 and vested 80% on January 16, 2025, 10% on January 16, 2026 and 10% on January 16, 2027. RSUs have no exercise price or expiration date.
F5 Represents LTIP Units of Prologis, L.P. (the "LTIP Units") that were issued to the reporting person pursuant to the Prologis Outperformance Plan.