Michael Curless - Jan 17, 2023 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chief Customer Officer
Signature
/s/ Tammy Colvocoresses, attorney in fact for Michael S. Curless
Stock symbol
PLD
Transactions as of
Jan 17, 2023
Transactions value $
$672
Form type
4
Date filed
1/19/2023, 06:57 PM
Previous filing
Dec 19, 2022
Next filing
Nov 6, 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 Award $132 +13.2K +1.82% $0.01* 739K Jan 17, 2023 Common Stock 13.2K $0.00 Direct F1, F2
transaction PLD LTIP Units Award $75.10 +7.51K +1.02% $0.01* 747K Jan 17, 2023 Common Stock 7.51K $0.00 Direct F2, F3
transaction PLD LTIP Units Award $465 +46.5K +6.23% $0.01* 793K Jan 17, 2023 Common Stock 46.5K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 1/17/2024, 1/17/2025, 1/17/2026 and 1/17/2027 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").
F2 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.
F3 Represents LTIP Units that were issued in exchange for the executive's cash bonus at the same value as the cash bonus. The LTIP Units vest 100% on issuance date. The LTIP Units were issued to the reporting person pursuant to the 2020 LTIP.
F4 Represents LTIP Units of Prologis, L.P. (the "LTIP Units") that were issued to the reporting person pursuant to the Prologis Outperformance Plan.