Olivier Piani - Apr 29, 2023 Form 4 Insider Report for Prologis, Inc. (PLD)

Role: Director
Signature: /s/ Tammy Colvocoresses attorney-in-fact for Olivier Piani
Stock symbol: PLD
Transactions as of: Apr 29, 2023
Transactions value $: -$84,920
Form type: 4
Date filed: 5/2/2023, 05:50 PM
Previous filing: Apr 4, 2023
Next filing: May 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLD	Common Stock	Options Exercise	$0	+2.26K	+35.37%	$0.00	8.65K	Apr 29, 2023	Direct	F1
transaction	PLD	Common Stock	Tax liability	-$84.9K	-678	-7.84%	$125.25	7.98K	Apr 29, 2023	Direct	F2

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	Deferred Stock Units and Dividend Equivalent Units- NQDC	Options Exercise	$0	-2.26K	-41.17%	$0.00	3.23K	Apr 29, 2023	Common Stock	2.26K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). Original grant terms provided for release of shares on the earlier of (a) the third anniversary of the Grant Date (April 29, 2020) or (b) the first annual meeting of the stockholders of Prologis. Shares were released on April 29, 2023. DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis and have no exercise price or expiration date.
F2	Shares withheld for payment of the tax liability associated with the receipt of common stock acquired upon the vesting of the Deferred Stock Units (DSUs) referenced in Table II.

Content

Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). Original grant terms provided for release of shares on the earlier of (a) the third anniversary of the Grant Date (April 29, 2020) or (b) the first annual meeting of the stockholders of Prologis. Shares were released on April 29, 2023. DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis and have no exercise price or expiration date.

Shares withheld for payment of the tax liability associated with the receipt of common stock acquired upon the vesting of the Deferred Stock Units (DSUs) referenced in Table II.