Prologis (NYSE: PLD) awards 10,779 LTIP Units to CFO Arndt
Rhea-AI Filing Summary
Arndt Timothy D reported acquisition or exercise transactions in this Form 4 filing.
Prologis, Inc. Chief Financial Officer Timothy D. Arndt received a grant of 10,779 LTIP Units of Prologis, L.P. on July 14, 2026 at $0.0100 per unit. The LTIP Units vest in four 25% annual installments from July 14, 2027 through July 14, 2030, subject to continued employment. Each vested LTIP Unit is convertible into a Common Unit, which may be redeemed for cash equal to the fair market value of a share of Common Stock, or, at the company’s election, one share of Common Stock. Following the award, Arndt directly holds 301,021 LTIP Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Arndt Timothy D
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 10,779 | $0.01 | $107.79 |
Holdings After Transaction:
LTIP Units — 301,021 shares (Direct)
Footnotes (1)
- Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 7/14/2027, 7/14/2028, 7/14/2029 and 7/14/2030 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"). 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.
Key Figures
LTIP Units granted: 10779.0000 LTIP Units
Grant price per LTIP Unit: $0.0100
Total LTIP Units after grant: 301021.0000 LTIP Units
+2 more
5 metrics
LTIP Units granted
10779.0000 LTIP Units
Grant to CFO Timothy D. Arndt on July 14, 2026
Grant price per LTIP Unit
$0.0100
Award price for each LTIP Unit granted on July 14, 2026
Total LTIP Units after grant
301021.0000 LTIP Units
Direct LTIP Unit holdings of Timothy D. Arndt following the reported transaction
Underlying Common Stock shares
10779.0000 shares
Shares of Prologis Common Stock underlying the granted LTIP Units
Vesting installments
25% on 7/14/2027, 7/14/2028, 7/14/2029, 7/14/2030
Time-based vesting schedule for the LTIP Units, subject to continued employment
Key Terms
LTIP Units, Prologis, L.P., Common Unit, 2020 Long-Term Incentive Plan
4 terms
LTIP Units financial
"Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25%..."
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Prologis, L.P. financial
"Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25%..."
Common Unit financial
"each vested LTIP Unit may be converted, at the election of the holder, into a Common Unit..."
A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.
2020 Long-Term Incentive Plan financial
"The LTIP Units were issued pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Prologis (PLD) report for CFO Timothy D. Arndt?
Prologis reported that CFO Timothy D. Arndt received a grant of 10,779 LTIP Units of Prologis, L.P. on July 14, 2026 at $0.0100 per unit as part of equity compensation, increasing his directly held LTIP Units to 301,021 after the transaction.
What is the vesting schedule for the 10,779 LTIP Units granted to the Prologis (PLD) CFO?
The 10,779 LTIP Units granted to CFO Timothy D. Arndt vest in four equal installments of 25% each on 7/14/2027, 7/14/2028, 7/14/2029 and 7/14/2030, and vesting is conditioned on his continued employment with Prologis.
How can the LTIP Units reported for Prologis (PLD) CFO ultimately translate into Common Stock?
Once vested and subject to tax allocation conditions, each LTIP Unit may be converted into a Common Unit. Each Common Unit can then be redeemed for cash equal to the fair market value of one share, or exchanged for one share of Prologis Common Stock.
Do the conversion and redemption rights on the Prologis (PLD) LTIP Units have an expiration date?
The disclosure states that the rights to convert vested LTIP Units into Common Units and to redeem those Common Units for cash or shares of Common Stock have no expiration dates, providing ongoing flexibility for when the CFO elects to convert or redeem.
What is the total LTIP Unit holding of the Prologis (PLD) CFO after this Form 4 transaction?
After receiving the new award, CFO Timothy D. Arndt directly holds 301,021 LTIP Units of Prologis, L.P. This figure includes the 10,779 LTIP Units granted on July 14, 2026 and represents his post-transaction LTIP Unit position as reported.