Prologis, Inc. 4

CEO Daniel Letter received an equity award of 21,671 Prologis LTIP Units convertible into common stock equivalents.

On July 14, 2026, Prologis, Inc. Chief Executive Officer Daniel Letter received an award of 21,671 LTIP Units of Prologis, L.P. under the company’s 2020 Long-Term Incentive Plan, at a stated value of $0.01 per unit and tied to continued employment. These LTIP Units vest in four equal annual installments of 25% each on July 14 of 2027, 2028, 2029, and 2030, and, once vested and subject to certain tax-related capital account conditions, may be converted into common units of Prologis, L.P., which in turn are redeemable for cash equal to the then-current market value of Prologis, Inc. common stock or, at the company’s election, shares of common stock on a one-for-one basis. Following this grant, Letter directly owns 21,671 shares or equivalents, with an implied current value of roughly $3.21 million based on the prevailing market price of $148.32 per share.

Filing Facts

CIK

1045609

Ticker

PLD

Form

4

Source Type

sec

Accession

0001193125-26-306403

Alert Tier

6