Prologis (PLD) Chief Development Officer Austin Damon Receives Award

What Happened
Austin Damon, Chief Development Officer of Prologis, received a grant of 10,708 long-term incentive plan (LTIP) units on 2026-07-14. The units were issued at a nominal price of $0.01 each (total reported value $107) and are reported as a derivative award (Transaction Code A).

Key Details

• Transaction date: 2026-07-14; Form 4 filed 2026-07-16 (filed within the required 2-business-day window).
• Grant: 10,708 LTIP Units at $0.01 per unit; total reported value $107.
• 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 rights: Vested LTIP Units may be converted into common partnership units and those common units may be redeemed for cash equal to the fair market value of a share of Prologis common stock, or the company may elect to acquire them for one share of common stock. These conversion/redemption rights have no expiration. (Footnote F2)
• Shares owned after transaction: Not specified in the reported Form 4.

Context
This was a grant of LTIP units (an award), not an open-market purchase or sale. Such awards are commonly part of executive compensation and vest over multiple years, so they do not represent an immediate market buy or sell. The derivative nature means value realization depends on vesting and any later conversion/redemption decisions.