Hamid Moghadam - Apr 25, 2024 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chairman & CEO, Director
Signature
/s/ Tammy Colvocoresses, Attorney-in-Fact for Hamid R. Moghadam
Stock symbol
PLD
Transactions as of
Apr 25, 2024
Transactions value $
$0
Form type
4
Date filed
4/29/2024, 04:52 PM
Previous filing
Apr 23, 2024
Next filing
Jun 7, 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 Gift -$6.44K -644K -39.61% $0.01* 982K Apr 25, 2024 Common Stock 644K $0.00 Direct F1
transaction PLD LTIP Units Gift $6.44K +644K +60.58% $0.01* 1.71M Apr 25, 2024 Common Stock 644K $0.00 By LLC F1, F2
holding PLD LTIP Units 18.2K Apr 25, 2024 Common Stock 18.2K $0.00 By Trust F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents LTIP Units transferred to a Limited Liability Company (LLC) where the reporting person is the sole member.
F3 Held indirectly in a trust FBO the reporting person with the reporting person and his spouse as sole trustees.