Arndt Timothy D 4

What Happened
Timothy D. Arndt, Chief Financial Officer of Prologis, received two grants of LTIP Units on January 20, 2026 (transaction code A). The grants total 18,434 LTIP Units (8,133 and 10,301 units), issued at $0.01 per unit for a nominal total issuance value of $184. These are awards (not open‑market purchases or sales) and are derivative LTIP Units of Prologis, L.P., not direct shares of Prologis common stock.

Key Details

• Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (timely filing).
• Price reported: $0.01 per LTIP Unit; totals: $81 (8,133 units) and $103 (10,301 units); combined $184.
• Transaction type: A = Award/Grant (derivative LTIP Units).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: see below for vesting and conversion rights (F1–F3).
• Filing timeliness: filed within the normal Form 4 timeframe (not marked late).

Context

• These LTIP Units are long‑term incentive units of Prologis, L.P. (derivative units). Per the filing: some LTIP Units vest 25% per year over four years (F1); some LTIP Units were issued in exchange for a cash bonus and vest 100% on issuance (F3).
• Vested LTIP Units can be converted, at the holder’s election, into common units of Prologis, L.P., which in turn may be redeemed for cash equal to the fair market value of Prologis common stock or, at the company’s election, exchanged for shares of Prologis common stock (F2). Conversion and redemption rights have no expiration.
• This was an award/compensation grant rather than a buy or sell; such grants are common for executive compensation and do not by themselves indicate the insider’s personal trading view.