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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 12,365 | $0.01 | $123.65 |
| Grant/Award | LTIP Units | 7,644 | $0.01 | $76.44 |
| Grant/Award | LTIP Units | 220,000 | $0.01 | $2K |
| holding | LTIP Units | -- | -- | -- |
| holding | LTIP Units | -- | -- | -- |
Footnotes (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"). 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. 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"). 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"). Held indirectly in a trust FBO the reporting person with the reporting person and his spouse as sole trustees. Represents LTIP Units transferred to a Limited Liability Company (LLC) where the reporting person is the sole member.