Prologis (PLD) awards 6,498 LTIP Units to Chief Legal Officer Briones
Rhea-AI Filing Summary
Prologis, Inc. reported that Chief Legal Officer and General Counsel Deborah K. Briones received a grant of 6,498 LTIP Units of Prologis, L.P. on July 14, 2026 at $0.01 per unit. These LTIP Units vest 25% each on July 14, 2027, 2028, 2029 and 2030, subject to continued employment under the Prologis, Inc. 2020 Long-Term Incentive Plan. Once vested and subject to tax capital account conditions, each LTIP Unit can be converted into a partnership Common Unit, which the holder may redeem for cash equal to the then fair market value of a Prologis common share or, at the company’s election, one share of common stock; these conversion and redemption rights have no expiration. Following this award, Briones directly holds 136,029 LTIP Units.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 6,498 | $0.01 | $64.98 |
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.
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Key Terms
LTIP Units financial
Prologis, L.P. financial
Common Unit financial
capital accounts financial
2020 Long-Term Incentive Plan financial
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