Moghadam Hamid 4
4 · Prologis, Inc. · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
Prologis Director Hamid Moghadam Receives LTIP Unit Awards
What Happened Hamid Moghadam, a director of Prologis, received three awards of LTIP Units on January 20, 2026 (transaction code A). The grants total 240,009 LTIP Units acquired at a nominal price of $0.01 each — 220,000 units ($2,200), 12,365 units ($124) and 7,644 units ($76) — for a combined reported value of about $2,400. These are awards under the Prologis, Inc. 2020 Long‑Term Incentive Plan and are derivative LTIP Units of Prologis, L.P., not open‑market stock purchases or sales.
Key Details
- Transaction date: 2026-01-20 (Form 4 filed 2026-01-27 — filing was delayed beyond the typical two-business-day deadline for insiders).
- Grants/details: 220,000 LTIP Units @ $0.01 ($2,200); 12,365 LTIP Units @ $0.01 ($124); 7,644 LTIP Units @ $0.01 ($76). All reported as acquisitions (A).
- Shares owned after transaction: not specified in the provided details.
- Vesting / holding notes (see filing footnotes):
- Some units vest 100% on issuance (issued in exchange for a cash bonus).
- Some units vest 25% annually on 1/20/2027–1/20/2030 (salary in lieu).
- Some units vest in full on 1/20/2029.
- Vested LTIP Units may be converted into Common Units and redeemed for cash equal to the fair market value of a share of Prologis common stock, or converted to one share of common stock at the company’s election; conversion/redeem rights have no expiration.
- Certain units are held indirectly (trust for the reporting person and spouse or an LLC where the reporting person is the sole member).
- Filing timeliness: Filed 7 days after the transaction date; Form 4s for directors are generally required within two business days, so this filing was late.
Context These awards are compensation/long‑term incentive units (derivative equity of Prologis, L.P.) rather than open‑market purchases or sales. Such grants are routine for executive/director compensation and do not, by themselves, indicate a buy or sell signal. The reported dollar amounts are nominal (reflecting a $0.01 per‑unit acquisition price); material economic value depends on future conversion, vesting, and company stock value.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-01-20$0.01/sh+12,365$124→ 1,105,099 total→ Common Stock (12,365 underlying) - Award
LTIP Units
[F3][F2]2026-01-20$0.01/sh+7,644$76→ 1,112,743 total→ Common Stock (7,644 underlying) - Award
LTIP Units
[F4][F2]2026-01-20$0.01/sh+220,000$2,200→ 1,332,743 total→ Common Stock (220,000 underlying)
- 18,233(indirect: By Trust)
LTIP Units
[F2][F5]→ Common Stock (18,233 underlying) - 1,706,985(indirect: By LLC)
LTIP Units
[F2][F6]→ Common Stock (1,706,985 underlying)
Footnotes (6)
- [F1]Represents LTIP Units of Prologis, L.P. (the "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 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 granted in lieu of salary, which vest 25% on each of 1/20/2027, 1/20/2028, 1/20/2029 and 1/20/2030, subject to continued service in accordance with the terms of the grant. The LTIP Units were issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").
- [F4]Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest in full on the third anniversary of the grant date, January 20, 2029, subject to continued service in accordance with the terms of the grant. The LTIP Units were issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").
- [F5]Held indirectly in a trust FBO the reporting person with the reporting person and his spouse as sole trustees.
- [F6]Represents LTIP Units transferred to a Limited Liability Company (LLC) where the reporting person is the sole member.