Lori A. Palazzolo - 20 Jan 2025 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chief Accounting Officer/MD
Signature
/s/ Tammy Colvocoresses Attorney-In-Fact for Lori A. Palazzolo
Issuer symbol
PLD
Transactions as of
20 Jan 2025
Transactions value $
$58.84
Form type
4
Filing time
22 Jan 2025, 19:30:06 UTC
Previous filing
17 Sep 2024
Next filing
21 Aug 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PLD Common Stock 229 20 Jan 2025 By 401(k) Plan F1

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 $18.26 +1,826 +1.5% $0.0100 123,825 20 Jan 2025 Common Stock 1,826 $0.000000 Direct F2, F3
transaction PLD LTIP Units Award $24.26 +2,426 +1.96% $0.0100 126,251 20 Jan 2025 Common Stock 2,426 $0.000000 Direct F3, F4
transaction PLD LTIP Units Award $16.32 +1,632 +1.29% $0.0100 127,883 20 Jan 2025 Common Stock 1,632 $0.000000 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 December 31, 2024.
F2 Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 1/20/2026, 1/20/2027, 1/20/2028 and 1/20/2029 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.
F4 Represents LTIP Units issued in exchange for a cash bonus which vest 80% on 1/20/2026 and 10% on each of 1/20/2027, and 1/20/2028, subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the 2020 LTIP.