Prologis (PLD) Chief Development Officer discloses 133,679 LTIP Units

Rhea-AI Filing Summary

Prologis, Inc. executive Damon Austin, the company’s Chief Development Officer, reported his initial beneficial ownership of derivative equity awards. As of 01/01/2026, he directly holds LTIP Units that are exercisable for 133,679 shares of Prologis common stock at an exercise price of $0.01 per share.

According to the disclosure, once vested and subject to tax allocation conditions, each LTIP Unit can be converted into a common partnership unit of Prologis, L.P. Each such partnership unit may then be redeemed, at the holder’s election, for cash equal to the fair market value of one share of Prologis common stock, while Prologis may choose instead to deliver one share of common stock per unit. The rights to convert LTIP Units and redeem the resulting partnership units have no expiration dates.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Austin Damon

(Last) (First) (Middle)

PIER 1, BAY 1

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
Prologis, Inc. [ PLD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Development Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units	(1)	(1)	Common Stock	133,679	$0.01	D

Explanation of Responses:

1. 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.

	/s/ Tammy Colvocoresses, Attorney-In-Fact for Damon Austin	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider position did Damon Austin report in Prologis (PLD)?

Damon Austin, Chief Development Officer of Prologis, Inc. (PLD), reported initial beneficial ownership of derivative equity awards in the form of LTIP Units that are tied to Prologis common stock.

How many LTIP Units tied to Prologis (PLD) stock does Damon Austin hold?

The filing shows that Damon Austin directly holds LTIP Units exercisable for 133,679 shares of Prologis common stock, with an exercise price of $0.01 per underlying share.

What are LTIP Units in the context of Prologis (PLD)?

For Prologis, the LTIP Units are a type of long-term incentive award in the operating partnership. Once vested and subject to allocation conditions, each LTIP Unit may be converted into a common unit of limited partnership interest in Prologis, L.P., which is then linked economically to Prologis common stock.

How can Damon Austin’s LTIP Units ultimately relate to Prologis (PLD) common stock?

After conversion of vested LTIP Units into common partnership units, each partnership unit may be redeemed for cash equal to the fair market value of one share of Prologis common stock. Prologis may alternatively elect to deliver one share of common stock for each partnership unit presented.

Do the LTIP Units or related rights reported by Damon Austin have an expiration date?

No. The disclosure states that the rights to convert vested LTIP Units into common partnership units and to redeem those units for cash or Prologis common stock have no expiration dates.

Is Damon Austin’s ownership in Prologis (PLD) held directly or indirectly?

The Form 3 indicates that the LTIP Units underlying 133,679 shares of Prologis common stock are held with direct (D) ownership by Damon Austin.