Edward S. Nekritz - Dec 16, 2022 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chief Legal Off./Gen. Counsel
Signature
/s/ Tammy Colvocoresses, attorney in fact for Edward S. Nekritz
Stock symbol
PLD
Transactions as of
Dec 16, 2022
Transactions value $
$487
Form type
4
Date filed
12/19/2022, 07:07 PM
Previous filing
Oct 5, 2022
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PLD Common Stock 1.86K Dec 16, 2022 By 401(k) Plan F1
holding PLD Common Stock 170 Dec 16, 2022 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 LTIP Units Award $487 +48.7K +5.02% $0.01* 1.02M Dec 16, 2022 Common Stock 48.7K $0.00 Direct F2, F3
* 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 September 30, 2022.
F2 Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 12/16/2023, 12/16/2024, 12/16/2025, 12/16/2026 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.