Moghadam Hamid 4

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.