Andrus Carter 4

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.