Joseph Ghazal - Feb 2, 2025 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chief Investment Officer
Signature
/s/ Tammy Colvocoresses Attorney-In-Fact for Joseph Ghazal
Stock symbol
PLD
Transactions as of
Feb 2, 2025
Transactions value $
-$27,666
Form type
4
Date filed
2/3/2025, 07:00 PM
Previous filing
Jan 22, 2025
Next filing
Feb 6, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLD Common Stock Options Exercise +956 +5.24% 19.2K Feb 2, 2025 Direct F1
transaction PLD Common Stock Tax liability -$27.7K -232 -1.21% $119.25 19K Feb 2, 2025 Direct

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 Restricted Stock Unit Options Exercise $0 -956 -1.38% $0.00 68.3K Feb 2, 2025 Common Stock 956 Direct F1, F2, F3
holding PLD LTIP Units 18.4K Feb 2, 2025 Common Stock 18.4K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units (RSUs) convert into common stock on a 1-for-1 basis. RSUs have no exercise price or expiration date.
F2 On February 2, 2021, the reporting person was granted 3,827 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date.
F3 On January 22, 2025, the reporting person filed a Form 4 which inadvertently added LTIP units to his restricted stock unit total in Column 9. This Form 4 reflects the correct totals for each Column 9.
F4 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.