September 13, 2024 · Form 4 insider transaction
Palazzolo Lori A bought 325 shares of Prologis, Inc. at $0.01 per share, a transaction worth $3.25. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 9/13/2025, 9/13/2026, 9/13/2027 and 9/13/2028 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.