Briones Deborah K 4
Accession 0001193125-26-019741
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 5:59 PM ET
Size
10.1 KB
Accession
0001193125-26-019741
Research Summary
AI-generated summary of this filing
Prologis (PLD) GC Deborah Briones Receives LTIP Awards
What Happened Deborah K. Briones, Chief Legal Officer / General Counsel of Prologis (PLD), was granted two derivative awards on January 20, 2026 totaling 12,087 LTIP Units (6,306 and 5,781 units). Each award was reported at $0.01 per unit (total reported value $121). These were recorded as "A" (award/acquisition) transactions under the company's 2020 Long-Term Incentive Plan — not open-market purchases or sales.
Key Details
- Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (appears timely).
- Awards: 6,306 units @ $0.01 and 5,781 units @ $0.01 (total 12,087 units; reported aggregate $121).
- Type: Derivative LTIP Units granted under the 2020 LTIP (transaction code A).
- Shares owned after transaction: not specified in this filing.
- Notable footnotes:
- Units are LTIP Units (derivative interests) that can vest and be converted/redeemed for common stock or cash (conversion/redemption rights have no expiration).
- Some LTIP Units vest 25% per year over four years (subject to continued employment).
- Some LTIP Units may have been issued in exchange for a cash bonus and can vest 100% at issuance.
- Certain holdings are held indirectly through a rabbi trust under nonqualified deferred compensation plans (previously misreported as direct holdings).
Context These entries reflect compensation awards (long-term incentive units), not market purchases or sales — they grant the holder future economic exposure contingent on vesting and conversion rules. For retail investors, such grants are routine executive compensation and do not directly signal immediate buying or selling of company stock. The small reported dollar value here reflects the nominal per-unit reporting amount; actual economic value depends on vesting and future conversion/redemption outcomes.
Insider Transaction Report
- Award
LTIP Units
[F2][F3]2026-01-20$0.01/sh+6,306$63→ 123,750 totalExercise: $0.00→ Common Stock (6,306 underlying) - Award
LTIP Units
[F4][F3]2026-01-20$0.01/sh+5,781$58→ 129,531 totalExercise: $0.00→ Common Stock (5,781 underlying)
- 3,103(indirect: By Trust)
Common Stock
[F1] - 13
Common Stock
Footnotes (4)
- [F1]Held indirectly through a rabbi trust pursuant to our nonqualified deferred compensation plans. These shares were previously reported in error as direct holdings.
- [F2]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").
- [F3]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.
- [F4]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.
Signature
Documents
Issuer
Prologis, Inc.
CIK 0001045609
Related Parties
1- filerCIK 0002050143
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 5:59 PM ET
- Size
- 10.1 KB