Prologis (PLD) COO Andrus Carter Receives 10,119 LTIP Units

What Happened
Andrus Carter, Chief Operating Officer of Prologis (PLD), received a grant of 10,119 LTIP Units on 2026-07-14. The units were recorded at $0.01 each (aggregate nominal value $101) as a compensation award (transaction code A). This is a grant of long-term incentive units (a derivative award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-14; Form 4 filed 2026-07-16 (timely filing).
• Transaction type/code: Award/Grant (A). Price recorded: $0.01 per unit; total recorded value $101.
• 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 (per footnote F1).
• Conversion/redemption: Vested LTIP Units may be converted into common units 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 (at the company’s election) converted into one share of common stock. Conversion/redemption rights have no expiration (per footnote F2).
• Shares owned after the transaction: not specified in the filing.

Context
LTIP Units are a form of long-term compensation for executives; their eventual value depends on vesting and the company's future stock/unit value. This grant is a standard compensation award rather than a market purchase or sale and does not by itself indicate insider buying or selling intent.