Prologis (PLD) CFO Timothy Arndt Receives LTIP Award

What Happened
Timothy D. Arndt, Chief Financial Officer of Prologis, received an award of 10,779 LTIP Units on July 14, 2026. The units were reported as a derivative grant (transaction code A) at $0.01 per unit, a nominal reported value of $108. This was an equity compensation grant under the Prologis, Inc. 2020 Long-Term Incentive Plan—not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-07-14, 10,779 LTIP Units @ $0.01 each (total = $108).
• Transaction type: A (award/grant of derivative LTIP Units).
• Vesting: LTIP Units vest 25% on each of 7/14/2027, 7/14/2028, 7/14/2029 and 7/14/2030, subject to continued employment (Footnote F1).
• Conversion/redemption: Vested LTIP Units may be converted into common units of Prologis, L.P. and those common units may be redeemed for cash equal to the then fair market value of a Prologis share (or, at the company’s election, exchanged for one share of common stock). Conversion/redemption rights have no expiration (Footnote F2).
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Report filed 2026-07-16 for a 2026-07-14 transaction (filed within the typical 2-business-day Form 4 window).

Context
This is a standard long-term incentive award to an executive and is recorded as a derivative grant with multi-year vesting. Because these are LTIP Units that vest over time and may require conversion/redemption steps, they are not immediately equivalent to freely tradable shares. Such grants are routine parts of executive compensation and do not by themselves indicate a buy or sell signal.