Briones Deborah K 4

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.