Andrus Carter 4/A

What Happened

• Andrus Carter, Chief Operating Officer of Prologis, exercised/conversion of derivative LTIP units and disposed of 25,106 resulting common units on March 9, 2026. The reported per‑share amount was $0.01, for a cash redemption total of $251. The Form 4 was amended to correct the transaction code to "M" (exercise/conversion).

Key Details

• Transaction date: 2026-03-09
• Transaction type/code: Exercise/conversion of derivative (Code M); disposal via redemption for cash
• Quantity and price: 25,106 units/shares at $0.01 each; total reported cash value $251
• Shares owned after transaction: Not specified in this filing
• Footnotes: F2 explains these were LTIP Units converted into Prologis common units and redeemed for cash; the units have no exercisable date or expiration date. F1 notes this Form 4 was amended solely to correct the transaction code from 'A' to 'M'.
• Timeliness: Reported on Form 4 filed 2026-03-11 for a 2026-03-09 transaction (filing appears timely)

Context

• This was an exercise/conversion and immediate cash redemption of LTIP units, not an open‑market buy or sell of shares. The monetary amount is very small ($251), so the transaction is likely administrative/routine compensation settlement rather than a meaningful buy/sell signal about insider confidence.