Prologis (PLD) CLO Deborah Briones Receives 6,498 LTIP Units

What Happened

• Deborah K. Briones, Chief Legal Officer / General Counsel of Prologis, was granted 6,498 long-term incentive plan units (LTIP Units) on 2026-07-14. The units were recorded at $0.01 each (total nominal value $65) and reported on a Form 4 filed 2026-07-16. This transaction is coded as an award/grant (A) — a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-14; Filing date: 2026-07-16 (timely).
• Instrument: 6,498 LTIP Units of Prologis, L.P. recorded at $0.01 per unit; total nominal amount $65.
• Vesting: 25% vest on each of 7/14/2027, 7/14/2028, 7/14/2029 and 7/14/2030, subject to continued employment. (See footnote F1.)
• Conversion/redemption rights: Each vested LTIP Unit may be converted into a Common Unit of Prologis, L.P., which can be redeemed for cash equal to the then fair market value of a share of Prologis common stock, or the company may elect to acquire a Common Unit in exchange for one share of common stock. Conversion and redemption rights have no expiration. (See footnote F2.)
• Shares owned after transaction: Not reported in the provided data.

Context

• This is a standard equity compensation grant — common for executives — and does not represent an open-market buy or sale. Such awards are intended to align executive incentives with shareholder value and vest over time; they do not by themselves indicate an insider's view of the stock’s near-term prospects.