Lori A. Palazzolo - 20 Jan 2026 Form 4 Insider Report for Prologis, Inc. (PLD)

Role: Chief Accounting Officer/MD
Signature: /s/ Tammy Colvocoresses Attorney-In-Fact for Lori A. Palazzolo
Issuer symbol: PLD
Transactions as of: 20 Jan 2026
Net transactions value: +$53.5
Form type: 4
Filing time: 22 Jan 2026, 18:06:09 UTC
Previous filing: 27 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Palazzolo Lori A	Chief Accounting Officer/MD	C/O PROLOGIS, INC., PIER 1, BAY 1, SAN FRANCISCO	/s/ Tammy Colvocoresses Attorney-In-Fact for Lori A. Palazzolo	22 Jan 2026	0001509314

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PLD	Common Stock						240	20 Jan 2026	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	$15.28	+1,528	+1.5%	$0.0100	104,411	20 Jan 2026	Common Stock	1,528	$0.000000	Direct	F2, F3
transaction	PLD	LTIP Units	Award	$38.22	+3,822	+3.7%	$0.0100	108,233	20 Jan 2026	Common Stock	3,822	$0.000000	Direct	F3, F4

* 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, 2025.
F2	Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% each year for four years 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	Represents LTIP Units which vest 80% on 1/20/2027 and 10% on each of 1/20/2028, and 1/20/2029, subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the 2020 LTIP.