Letter Daniel 4
4 · Prologis, Inc. · Filed Jan 19, 2023
Insider Transaction Report
Form 4
Letter Daniel
President
Transactions
- Award
LTIP Units
2023-01-17$0.01/sh+21,825$218→ 161,932 totalExercise: $0.00→ Common Stock (21,825 underlying) - Award
LTIP Units
2023-01-17$0.01/sh+6,218$62→ 168,150 totalExercise: $0.00→ Common Stock (6,218 underlying) - Award
LTIP Units
2023-01-17$0.01/sh+17,175$172→ 185,325 totalExercise: $0.00→ Common Stock (17,175 underlying)
Footnotes (4)
- [F1]Represents LTIP Units of Prologis, L.P. (the "LTIP Units") which vest 25% on each of 1/17/2024, 1/17/2025, 1/17/2026, and 1/17/2027, subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the Prologis, Inc. 2020 Long-Term Incentive Plan (the "2020 LTIP").
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in Prologis, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder after the completion of a three-year waiting period, for cash equal to the then fair market value of a share of Common Stock of the Company (the "Common Stock"), except that the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP Units into Common Units and redeem Common Units have no expiration dates.
- [F3]Represents LTIP Units which vest 80% on 1/17/2024 and 10% on each of 1/17/2025, and 1/17/2026, subject to continued employment. The LTIP Units were issued to the reporting person pursuant to the 2020 LTIP.
- [F4]Represents LTIP Units of Prologis, L.P. (the "LTIP Units") that were issued to the reporting person pursuant to the Prologis Outperformance Plan.