Andrus Carter 4
Accession 0001193125-26-019731
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 5:53 PM ET
Size
8.5 KB
Accession
0001193125-26-019731
Research Summary
AI-generated summary of this filing
Prologis (PLD) COO Andrus Carter Receives 13,686 LTIP Units
What Happened Andrus Carter, Chief Operating Officer of Prologis, received two grants of LTIP units on January 20, 2026, totaling 13,686 units (5,803 and 7,883 units). Each grant was recorded at a nominal acquisition price of $0.01 per unit (total reported value ~$137). These are awards (derivative interests) under the Prologis, Inc. 2020 Long-Term Incentive Plan, not open-market purchases or sales.
Key Details
- Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (filed within the typical 2-business-day window).
- Grant details: 5,803 units @ $0.01 ($58) and 7,883 units @ $0.01 ($79); combined 13,686 units, combined nominal value $137.
- Nature: Derivative award (code A = Grant/Award). These are LTIP Units of Prologis, L.P., not direct shares of Prologis common stock.
- Vesting/conversion notes from filing:
- F1: Some LTIP Units vest 25% each year for four years, subject to continued employment.
- F2: Vested LTIP Units can be converted into Common Units and redeemable for cash equal to the then fair market value of a share of Common Stock, or the company may elect to issue one share of Common Stock instead; conversion/redemption rights have no expiration.
- F3: Some LTIP Units (those issued in exchange for cash bonus) vest 100% on issuance.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context These awards are compensation-related LTIP units rather than direct stock purchases. Derivative LTIP Units can convert into partnership common units and ultimately be redeemed for cash or converted into common stock per the terms above; vesting schedules affect when conversion/receipt of value is available. Such grants are routine for executive compensation and do not by themselves indicate an open-market buy or sell.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-01-20$0.01/sh+5,803$58→ 165,424 totalExercise: $0.00→ Common Stock (5,803 underlying) - Award
LTIP Units
[F3][F2]2026-01-20$0.01/sh+7,883$79→ 173,307 totalExercise: $0.00→ Common Stock (7,883 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 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 0002006669
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 5:53 PM ET
- Size
- 8.5 KB