Lori A. Palazzolo - Dec 16, 2022 Form 4 Insider Report for Prologis, Inc. (PLD)

Role: Chief Accounting Officer/MD
Signature: /s/ Tammy Colvocoresses, attorney in fact for Lori A. Palazzolo
Stock symbol: PLD
Transactions as of: Dec 16, 2022
Transactions value $: $55
Form type: 4
Date filed: 12/19/2022, 07:08 PM
Previous filing: Feb 28, 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						217	Dec 16, 2022	By 401(k) Plan	F1
holding	PLD	Common Stock						414	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	$55.20	+5.52K	+6.8%	$0.01^*	86.7K	Dec 16, 2022	Common Stock	5.52K	$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.