Thomas S. Olinger - 25 Feb 2022 Form 4 Insider Report for Prologis, Inc. (PLD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 Feb 2022, 17:45:01 UTC
Prior SEC filing
15 Feb 2022
Next SEC filing
08 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Tammy Colvocoresses, attorney in fact for Thomas S. Olinger

Key filing fact

Thomas S. Olinger filed Form 4 for Prologis, Inc. (PLD) on 28 Feb 2022.

Key facts

  • This page summarizes Thomas S. Olinger's Form 4 filing for Prologis, Inc. (PLD).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 28 Feb 2022, 17:45.

Change

  • Previous filing in this sequence was filed on 15 Feb 2022.
  • Current net transaction value: +$291.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PLD transaction Derivative

LTIP Units

Award

Transaction value
$205
Shares
+20,530
Change %
+3%
Price
$0.0100*
Shares after
705,816
Date
25 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,530
Exercise price
$0.000000
Footnotes
F1, F2
PLD transaction Derivative

LTIP Units

Award

Transaction value
$85.54
Shares
+8,554
Change %
+1.2%
Price
$0.0100*
Shares after
714,370
Date
25 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,554
Exercise price
$0.000000
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 2/25/2023, 2/25/2024, 2/25/2025, and 2/25/2026, 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").

Footnote 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.

Footnote 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.

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