Austin Damon 4
Accession 0001193125-26-019737
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 5:58 PM ET
Size
8.5 KB
Accession
0001193125-26-019737
Research Summary
AI-generated summary of this filing
Prologis (PLD) Chief Development Officer Austin Damon Receives Award
What Happened
Austin Damon, Chief Development Officer of Prologis (PLD), was granted two awards of LTIP Units on 2026-01-20: 9,555 units at $0.01 each (nominal $96) and 10,320 units at $0.01 each (nominal $103), for a total of 19,875 LTIP Units (nominal total $199). The filing uses transaction code "A" (award/grant); these are derivative LTIP Units of Prologis, L.P., not open-market purchases or sales.
Key Details
- Transaction date: 2026-01-20; filing date: 2026-01-22 (timely filing).
- Grants: 9,555 LTIP Units @ $0.01 (nominal $96) and 10,320 LTIP Units @ $0.01 (nominal $103).
- Shares owned after transaction: not disclosed in the filing.
- Footnotes:
- F1: One award vests 25% per year over four years (subject to continued employment).
- F3: The other award vests 80% on 1/20/2027 and 10% on each of 1/20/2028 and 1/20/2029 (subject to continued employment).
- F2: Vested LTIP Units may be converted to common units of Prologis, L.P.; common units can be redeemed for cash equal to the fair market value of Prologis common stock or, at the company's election, exchanged for one share of common stock.
- No indication of a 10b5-1 plan, sale, or tax-withholding transaction in this report.
Context
LTIP Units are long-term incentive awards that vest over time and can convert into partnership/common stock value; the $0.01 grant price shown is a nominal exercise/acquisition price and does not reflect potential future market value. This is a compensation grant (routine for executives) rather than an outright purchase or sale; investors may watch vesting and any later conversions or redemptions, which could affect share count or insider selling in the future.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-01-20$0.01/sh+9,555$96→ 143,234 totalExercise: $0.00→ Common Stock (9,555 underlying) - Award
LTIP Units
[F3][F2]2026-01-20$0.01/sh+10,320$103→ 153,554 totalExercise: $0.00→ Common Stock (10,320 underlying)
Footnotes (3)
- [F1]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").
- [F2]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.
- [F3]Represents LTIP Units which vest 80% on 1/20/2027 and 10% on each of 1/20/2028, and 1/20/2029, subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the 2020 LTIP.
Signature
Documents
Issuer
Prologis, Inc.
CIK 0001045609
Related Parties
1- filerCIK 0002103306
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 5:58 PM ET
- Size
- 8.5 KB