Prologis (PLD) director Hamid Moghadam reports multiple new LTIP Unit awards

Rhea-AI Filing Summary

Prologis, Inc. director Hamid Moghadam reported awards of long-term incentive partnership (LTIP) units in Prologis, L.P. on January 20, 2026. The filing shows three LTIP grants at an exercise price of $0.01 per unit, all reported as directly owned.

The awards include 12,365 LTIP Units issued in exchange for his cash bonus that vest 100% on the grant date, 7,644 LTIP Units granted in lieu of salary that vest 25% each on January 20, 2027, 2028, 2029 and 2030, and 220,000 LTIP Units that vest in full on January 20, 2029, subject to continued service.

The LTIP Units are issued under the Prologis, Inc. 2020 Long-Term Incentive Plan and can, once vested and subject to tax capital account conditions, be converted into common units of Prologis, L.P., which may then be redeemed for cash or shares of Prologis common stock at the company’s election. The filing also reports 18,233 LTIP Units held indirectly in a trust and 1,706,985 LTIP Units held indirectly through an LLC associated with Moghadam.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Moghadam Hamid

(Last) (First) (Middle)

C/O PROLOGIS, INC., PIER 1, BAY 1

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)	(2)	01/20/2026		A		12,365		(2)	(2)	Common Stock	12,365	$0.01	1,105,099	D
LTIP Units(3)	(2)	01/20/2026		A		7,644		(2)	(2)	Common Stock	7,644	$0.01	1,112,743	D
LTIP Units(4)	(2)	01/20/2026		A		220,000		(2)	(2)	Common Stock	220,000	$0.01	1,332,743	D
LTIP Units	(2)							(2)	(2)	Common Stock	18,233		18,233	I	By Trust(5)
LTIP Units	(2)							(2)	(2)	Common Stock	1,706,985		1,706,985	I	By LLC(6)

Explanation of Responses:

1. Represents LTIP Units of Prologis, L.P. (the "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 Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").

2. 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.

3. Represents LTIP Units granted in lieu of salary, which vest 25% on each of 1/20/2027, 1/20/2028, 1/20/2029 and 1/20/2030, subject to continued service in accordance with the terms of the grant. The LTIP Units were issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").

4. Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest in full on the third anniversary of the grant date, January 20, 2029, subject to continued service in accordance with the terms of the grant. The LTIP Units were issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").

5. Held indirectly in a trust FBO the reporting person with the reporting person and his spouse as sole trustees.

6. Represents LTIP Units transferred to a Limited Liability Company (LLC) where the reporting person is the sole member.

	/s/ Tammy Colvocoresses Attorney-In-Fact for Hamid R. Moghadam	01/27/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Prologis (PLD) director Hamid Moghadam report?

Hamid Moghadam reported receiving several LTIP Unit awards in Prologis, L.P. on January 20, 2026. These include grants tied to his bonus and salary, plus a larger time-vested award, all under the 2020 Long-Term Incentive Plan at an exercise price of $0.01 per unit.

How many LTIP Units did Hamid Moghadam receive in the latest Prologis (PLD) Form 4?

The Form 4 shows three direct LTIP Unit awards: 12,365 units for a cash bonus, 7,644 units granted in lieu of salary, and 220,000 units vesting over time. Together, these derivative awards increase his reported LTIP Unit holdings, subject to each grant’s specific vesting conditions.

What are the vesting terms of Hamid Moghadam’s new LTIP Units at Prologis (PLD)?

One LTIP grant of 12,365 units vests fully on the grant date. A 7,644-unit grant vests 25% annually from January 20, 2027 through 2030. A separate 220,000-unit grant vests entirely on January 20, 2029, all subject to continued service requirements.

How can Prologis (PLD) LTIP Units held by Hamid Moghadam be converted into common stock?

Once vested and meeting required capital account conditions, each LTIP Unit may be converted into a common unit of Prologis, L.P. Each common unit can then be redeemed for cash equal to Prologis common stock’s fair market value, or one share of stock at the company’s election.

What indirect LTIP Unit holdings related to Hamid Moghadam are disclosed for Prologis (PLD)?

The filing reports 18,233 LTIP Units held indirectly through a trust for Moghadam’s benefit, where he and his spouse are sole trustees. It also discloses 1,706,985 LTIP Units held indirectly via a limited liability company in which he is the sole member.

Under which plan were Hamid Moghadam’s new Prologis (PLD) LTIP Units granted?

All the reported LTIP Unit awards were issued under the Prologis, Inc. 2020 Long-Term Incentive Plan. This plan allows compensation in LTIP Units, including grants in exchange for cash bonuses and salary, with vesting and conversion features detailed in the Form 4 footnotes.