Prologis (PLD) Chief Development Officer receives new LTIP unit grants

Rhea-AI Filing Summary

Prologis, Inc. (PLD) Chief Development Officer Damon Austin reported grants of long-term incentive partnership units in Prologis, L.P. on 01/20/2026. He received 9,555 LTIP Units and a separate grant of 10,320 LTIP Units, each recorded at a price of $0.01 per unit, bringing his directly held derivative LTIP Units to 153,554 after the transactions.

The first LTIP Unit grant vests 25% each year over four years, subject to continued employment. The second grant vests 80% on 01/20/2027 and 10% on each of 01/20/2028 and 01/20/2029, also subject to continued employment. Once vested and subject to tax allocation conditions, each LTIP Unit can be converted into a common unit of Prologis, L.P., which may then be redeemed for cash equal to the fair market value of a Prologis common share, or, at the company’s election, for one share of common stock, with no stated expiration on these conversion and redemption rights.

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^*

Austin Damon

(Last) (First) (Middle)

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)

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

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)	$0.00	01/20/2026		A		9,555		(2)	(2)	Common Stock	9,555	$0.01	143,234	D
LTIP Units(3)	$0.00	01/20/2026		A		10,320		(2)	(2)	Common Stock	10,320	$0.01	153,554	D

Explanation of Responses:

1. Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% each year for four years 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").

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 which vest 80% on 1/20/2027 and 10% on each of 1/20/2028, and 1/20/2029, subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the 2020 LTIP.

	/s/ Tammy Colvocoresses, Attorney-In-Fact for Damon Austin	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Prologis (PLD) report for Damon Austin?

The filing shows Chief Development Officer Damon Austin received two grants of LTIP Units in Prologis, L.P. on 01/20/2026, recorded as derivative equity awards.

How many LTIP Units did Damon Austin receive in this Prologis (PLD) Form 4?

He received 9,555 LTIP Units in one grant and 10,320 LTIP Units in a second grant, both reported at a transaction price of $0.01 per unit.

What is Damon Austin’s LTIP Unit balance after these Prologis (PLD) grants?

After the reported grants, Damon Austin holds 153,554 derivative LTIP Units directly, according to the filing.

How do the Prologis (PLD) LTIP Units granted to Damon Austin vest?

One LTIP grant vests 25% each year for four years, while the other vests 80% on 01/20/2027 and 10% on each of 01/20/2028 and 01/20/2029, all subject to continued employment.

Can Damon Austin’s Prologis (PLD) LTIP Units be converted into common stock?

Once vested and meeting tax allocation conditions, each LTIP Unit can be converted into a Common Unit of Prologis, L.P., which may be redeemed for cash equal to the fair market value of a Prologis common share, or, at the company’s election, for one share of common stock.

Do the conversion and redemption rights on Prologis (PLD) LTIP Units expire?

The filing states that the rights to convert vested LTIP Units into Common Units and redeem those units have no expiration dates.

Under which plan were Damon Austin’s Prologis (PLD) LTIP Units granted?

Both LTIP Unit grants were issued pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan.