Prologis (NYSE: PLD) awards 10,708 LTIP units to its Chief Development Officer

Rhea-AI Filing Summary

Prologis, Inc. reported that Chief Development Officer Austin Damon received a grant of 10,708 LTIP Units of Prologis, L.P. on July 14, 2026 at $0.01 per unit. The award vests 25% annually from July 14, 2027 through July 14, 2030, subject to continued employment, increasing his directly held LTIP Units to 164,262. Vested LTIP Units may be converted into Common Units and then redeemed for cash equal to the fair market value of a share of Common Stock, or, at the company’s election, settled in one share of Common Stock per unit, with no expiration on these rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Austin Damon

Role Chief Development Officer

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	10,708	$0.01	$107.08

Holdings After Transaction: LTIP Units — 164,262 shares (Direct)

Footnotes (1)

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: 10,708 LTIP Units Grant price: $0.01 per LTIP Unit LTIP Units held after grant: 164,262 LTIP Units +1 more

4 metrics

LTIP Units granted 10,708 LTIP Units Grant to Chief Development Officer on July 14, 2026

Grant price $0.01 per LTIP Unit Stated transaction price per unit for the LTIP award

LTIP Units held after grant 164,262 LTIP Units Direct LTIP Unit holdings following the reported award

Annual vesting percentage 25% Portion of LTIP Units vesting each year from 2027 through 2030

Key Terms

LTIP Units, Common Unit, Long-Term Incentive Plan, capital accounts

4 terms

LTIP Units financial

"Represents LTIP Units of Prologis, L.P. which vest 25% on each date"

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.

Common Unit financial

"each vested LTIP Unit may be converted ... into a common unit of limited partnership"

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.

Long-Term Incentive Plan financial

"issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

capital accounts financial

"Conditioned upon minimum allocations to the capital accounts of the LTIP Units"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 07:00 PM Accepted by SEC EDGAR 07/16/2026 - 07:00 PM Learn about SEC filing dates

FAQ

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

Prologis reported that Chief Development Officer Austin Damon received a grant of 10,708 LTIP Units of Prologis, L.P. at $0.01 per unit. These units are a form of long-term equity incentive tied to the company’s Common Stock.

How do the new LTIP Units affect Austin Damon’s holdings in Prologis (PLD)?

Following the grant, Austin Damon directly holds 164,262 LTIP Units. The 10,708-unit award adds to his existing long-term incentive position, reflecting ongoing equity-based compensation rather than an open-market stock purchase or sale.

What is the vesting schedule for Austin Damon’s 10,708 LTIP Units at Prologis (PLD)?

The 10,708 LTIP Units vest in four equal installments of 25% each on July 14 of 2027, 2028, 2029 and 2030. Vesting is conditioned on Damon’s continued employment with the company through each vesting date.

Under which plan were the LTIP Units granted to the Prologis (PLD) executive?

The LTIP Units were issued to Austin Damon under the Prologis, Inc. 2020 Long-Term Incentive Plan. This plan provides equity-based awards designed to align key executives’ interests with the long-term performance of Prologis.

How can Prologis (PLD) LTIP Units ultimately be settled or redeemed?

After vesting and certain tax allocations, 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 the fair market value of one share of Common Stock, or, at the company’s election, for one share.

Do the LTIP Units awarded to the Prologis (PLD) executive have an expiration date?

The rights to convert vested LTIP Units into Common Units and to redeem those Common Units for cash or shares have no expiration dates. Once vested, these conversion and redemption rights remain outstanding indefinitely, subject to the plan’s terms.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 94111

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2026

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

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

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

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	07/14/2026		A		10,708		(2)	(2)	Common Stock	10,708	$0.01	164,262	D

Explanation of Responses:

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").

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.

	/s/ Tammy Colvocoresses Attorney-In-Fact for Damon Austin	07/16/2026
	** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)