Carter Andrus - Jan 16, 2024 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chief Operating Officer
Signature
/s/ Tammy Colvocoresses Attorney-In-Fact for Carter Andrus
Stock symbol
PLD
Transactions as of
Jan 16, 2024
Transactions value $
$233
Form type
4
Date filed
1/18/2024, 05:30 PM
Previous filing
Jan 4, 2024
Next filing
Mar 6, 2024

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 $76.90 +7.69K +7.1% $0.01* 116K Jan 16, 2024 Common Stock 7.69K $0.00 Direct F1, F2
transaction PLD LTIP Units Award $71.20 +7.12K +6.13% $0.01* 123K Jan 16, 2024 Common Stock 7.12K $0.00 Direct F2, F3
transaction PLD LTIP Units Award $84.70 +8.47K +6.87% $0.01* 132K Jan 16, 2024 Common Stock 8.47K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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").
F2 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.
F3 Represents LTIP Units which vest 80% on 1/16/2025 and 10% on each of 1/16/2026 and 1/16/2027 subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the 2020 LTIP.
F4 Represents LTIP Units of Prologis, L.P. (the "LTIP Units") that were issued to the reporting person pursuant to the Prologis Outperformance Plan.