Joseph Ghazal - 02 Feb 2025 Form 4 Insider Report for Prologis, Inc. (PLD)

Role: Chief Investment Officer
Signature: /s/ Tammy Colvocoresses Attorney-In-Fact for Joseph Ghazal
Issuer symbol: PLD
Transactions as of: 02 Feb 2025
Net transactions value: -$27,666
Form type: 4
Filing time: 03 Feb 2025, 19:00:05 UTC
Previous filing: 22 Jan 2025
Next filing: 06 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLD	Common Stock	Options Exercise		+956	+5.2%		19,206	02 Feb 2025	Direct	F1
transaction	PLD	Common Stock	Tax liability	$27,666	-232	-1.2%	$119.25	18,974	02 Feb 2025	Direct

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	Restricted Stock Unit	Options Exercise	$0	-956	-1.4%	$0.000000	68,266	02 Feb 2025	Common Stock	956		Direct	F1, F2, F3
holding	PLD	LTIP Units						18,351	02 Feb 2025	Common Stock	18,351	$0.000000	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Restricted stock units (RSUs) convert into common stock on a 1-for-1 basis. RSUs have no exercise price or expiration date.
F2	On February 2, 2021, the reporting person was granted 3,827 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3	On January 22, 2025, the reporting person filed a Form 4 which inadvertently added LTIP units to his restricted stock unit total in Column 9. This Form 4 reflects the correct totals for each Column 9.
F4	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.