Andrus Carter 4

What Happened Andrus Carter, Chief Operating Officer of Prologis (PLD), received 25,106 shares reported as an award/acquisition on 2026-03-09. The filing reports a price of $0.01 per share for a total reported value of $251. This was an award/derivative transaction (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-09; filing date: 2026-03-10 (timely).
• Reported terms: 25,106 shares @ $0.01 each; total reported value $251.
• Transaction type: Award/derivative (code A). Footnote indicates conversion of LTIP Units into common units and redemption of common units for cash (see footnote F1).
• Shares owned after the transaction: not specified in the reported Form 4.
• No indication of a 10b5-1 plan, tax withholding, or late filing in this report.

Context This was a conversion/award tied to long‑term incentive plan (LTIP) units rather than an open‑market trade. The reported $0.01/share and $251 total reflect the filing's recorded amount for the derivative transaction and may not represent the market value impact. Awards like this are routine compensation events and are informational rather than direct buy/sell signals.