Hamid Moghadam - Aug 18, 2023 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chairman & CEO, Director
Signature
/s/ Tammy Colvocoresses, attorney in fact for Hamid R. Moghadam
Stock symbol
PLD
Transactions as of
Aug 18, 2023
Transactions value $
$2,422
Form type
4
Date filed
8/22/2023, 08:49 PM
Previous filing
May 5, 2023
Next filing
Jan 18, 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 $2.42K +242K +17.54% $0.01* 1.62M Aug 18, 2023 Common Stock 242K $0.00 Direct F1, F2
holding PLD LTIP Units 18.2K Aug 18, 2023 Common Stock 18.2K $0.00 By Trust F2, F3
holding PLD LTIP Units 836K Aug 18, 2023 Common Stock 836K $0.00 By LLC 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 8/18/2024, 8/18/2025, 8/18/2026, and 8/18/2027, 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 Held indirectly in a trust FBO the reporting person with the reporting person and his spouse as sole trustees.
F4 Represents LTIP Units transferred to a Limited Liability Company (LLC) where the reporting person is the sole member.