Palazzolo Lori A 4
Accession 0001193125-26-019755
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 6:06 PM ET
Size
9.4 KB
Accession
0001193125-26-019755
Research Summary
AI-generated summary of this filing
Prologis (PLD) CAO Lori Palazzolo Receives Award
What Happened
Lori A. Palazzolo, Prologis’ Chief Accounting Officer and Managing Director, was granted two derivative awards on January 20, 2026: 1,528 LTIP units at $0.01 each (value $15) and 3,822 LTIP units at $0.01 each (value $38), for a total of 5,350 units (nominal total ~$53). These transactions are reported as awards/grants (Form 4 code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (timely filing).
- Grants: 1,528 units @ $0.01 = $15 (derivative); 3,822 units @ $0.01 = $38 (derivative). Total units granted: 5,350; total nominal value: ~$53.
- Shares owned after transaction: not specified in the excerpt of the filing.
- Notable footnotes:
- F2: Some LTIP Units vest 25% per year for four years (2020 LTIP).
- F4: Other LTIP Units vest 80% on 1/20/2027 and 10% on each of 1/20/2028 and 1/20/2029 (subject to continued employment).
- F3: Vested LTIP Units can, under certain tax conditions, be converted into partnership common units and may be redeemable for cash equal to the fair market value of a share of Prologis common stock (or converted into shares at the company's election).
- F1 (separate): filing also notes shares held in the company 401(k) as of 12/31/2025.
Context
These awards are part of long-term incentive compensation (LTIP) and vest over time, so they reflect compensation rather than an immediate market purchase. LTIP Units are derivative interests that can be converted/redeemed under the terms described; they do not indicate an immediate cash investment or sale by the insider.
Insider Transaction Report
- Award
LTIP Units
[F2][F3]2026-01-20$0.01/sh+1,528$15→ 104,411 totalExercise: $0.00→ Common Stock (1,528 underlying) - Award
LTIP Units
[F4][F3]2026-01-20$0.01/sh+3,822$38→ 108,233 totalExercise: $0.00→ Common Stock (3,822 underlying)
- 239.698(indirect: By 401(k))
Common Stock
[F1]
Footnotes (4)
- [F1]Represents shares held in the company's 401(k) Plan as of December 31, 2025.
- [F2]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").
- [F3]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.
- [F4]Represents LTIP Units which vest 80% on 1/20/2027 and 10% on each of 1/20/2028, and 1/20/2029, subject to continued employment. 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 0001509314
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 6:06 PM ET
- Size
- 9.4 KB