Prologis (NYSE: PLD) COO receives 25,106 LTIP units in equity grant

Rhea-AI Filing Summary

Prologis, Inc. Chief Operating Officer Andrus Carter received a grant of 25,106 LTIP Units on March 9, 2026 as equity compensation. The units were awarded at a nominal price of $0.01 per unit and are tied to 25,106 shares of common stock on an as-converted basis.

Following this grant, Carter directly holds 148,201 LTIP Units. According to the disclosure, these LTIP Units can be converted into common units of Prologis, L.P. and then redeemed for cash, and they have no exercisable date or expiration date, making them a long-term incentive vehicle rather than an open-market purchase.

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^*

Andrus Carter

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	$0.00	03/09/2026	03/09/2026	A		25,106		(1)	(1)	Common Stock	25,106	$0.01	148,201	D

Explanation of Responses:

1. Conversion of LTIP Units (the "LTIP Units") of Prologis, L.P. into common units of Prologis, L.P. (the "Common Units") and redemption of Common Units for cash. The units have no exercisable date or expiration date.

	/s/ Tammy Colvocoresses Attorney-In-Fact for Carter Andrus	03/10/2026
	** Signature of Reporting Person	Date
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FAQ

What did Prologis (PLD) COO Andrus Carter report on this Form 4?

Carter reported receiving a grant of 25,106 LTIP Units as equity compensation. These derivative units are linked to 25,106 shares of Prologis common stock on an as-converted basis, reflecting a routine long-term incentive award rather than an open-market share purchase.

How many LTIP Units does the Prologis (PLD) COO hold after the latest grant?

After the grant, Andrus Carter holds 148,201 LTIP Units directly. This total includes the newly awarded 25,106 units, providing him with a substantial long-term incentive position that is economically tied to Prologis common stock through conversion mechanics.

What is the grant price of the LTIP Units reported in the Prologis (PLD) Form 4?

The 25,106 LTIP Units were granted at a nominal price of $0.01 per unit. This low price reflects a compensation award structure, not an open-market transaction, and is common for long-term incentive plan units linked to company equity performance.

How are Prologis (PLD) LTIP Units held by the COO economically linked to common stock?

The LTIP Units can be converted into common units of Prologis, L.P. and then redeemed for cash. Each of the 25,106 newly granted LTIP Units corresponds to 25,106 shares of Prologis common stock on an as-converted basis, aligning incentives with shareholders.

Do the LTIP Units granted to the Prologis (PLD) COO have an expiration date?

The filing states the LTIP Units have no exercisable date or expiration date. This means they function as long-term incentive instruments, remaining outstanding until converted into common units and ultimately redeemed, subject to the plan’s other terms and conditions.

Was this Prologis (PLD) Form 4 transaction a market buy or sell of shares?

No, the Form 4 shows a grant of LTIP Units coded as an acquisition (A). It is a compensation-related award, not an open-market purchase or sale of Prologis common stock, and therefore carries limited signaling value about short-term trading views.