Prologis (NYSE: PLD) CFO receives LTIP grants and bonus in units
Rhea-AI Filing Summary
Prologis, Inc. reported new long-term incentive awards for its Chief Financial Officer, Timothy D. Arndt. On 01/20/2026, he received 8,133 LTIP Units of Prologis, L.P. at a price of $0.01 per unit, which vest 25% each year over four years, subject to continued employment, under the 2020 Long-Term Incentive Plan.
On the same date, he was also granted 10,301 LTIP Units issued in exchange for his cash bonus at the same value as the cash bonus, vesting 100% on the issuance date under the same plan. Following these grants, he beneficially owned 290,242 LTIP Units on a direct basis. 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 one share of Prologis common stock, or, at the company’s election, for one share of common stock, with no stated expiration.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 8,133 | $0.01 | $81.33 |
| Grant/Award | LTIP Units | 10,301 | $0.01 | $103.01 |
Footnotes (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"). 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 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 2020 LTIP.
FAQ
What insider transaction did Prologis (PLD) disclose for its CFO?
Prologis reported that Chief Financial Officer Timothy D. Arndt received new LTIP Units of Prologis, L.P. on 01/20/2026 under the company’s 2020 Long-Term Incentive Plan.
How many LTIP Units did the Prologis (PLD) CFO receive on January 20, 2026?
On 01/20/2026, the CFO received two LTIP Unit grants: one for 8,133 LTIP Units and another for 10,301 LTIP Units, both at a price of $0.01 per unit.
What are the vesting terms of the new LTIP Units granted to the Prologis CFO?
The 8,133 LTIP Units vest 25% each year for four years, subject to continued employment. The 10,301 LTIP Units granted in exchange for the executive’s cash bonus vest 100% on the issuance date.
What was the purpose of the 10,301 LTIP Units issued to the Prologis CFO?
The 10,301 LTIP Units were issued in exchange for the executive’s cash bonus at the same value as the cash bonus, under the Prologis, Inc. 2020 Long-Term Incentive Plan.
How many LTIP Units does the Prologis CFO beneficially own after these grants?
After the reported transactions, the CFO beneficially owned 290,242 LTIP Units on a direct basis, as shown in the derivative securities table.
Can the Prologis CFO’s LTIP Units be converted into common stock?
Once vested and subject to certain tax allocation conditions, each LTIP Unit may be converted into a Common Unit of Prologis, L.P. Each Common Unit can be redeemed for cash equal to the fair market value of one share of Prologis common stock, or, at the company’s election, for one share of common stock. These conversion and redemption rights have no expiration dates.