Prologis, Inc. 4

COO Carter Andrus received an award of 10,119 LTIP Units economically linked to Prologis (PLD) common stock, worth roughly $1.5 million at current prices.

On July 14, 2026, Prologis, Inc. Chief Operating Officer Carter Andrus received an equity-based award of 10,119 LTIP Units of Prologis, L.P. at a nominal grant price of $0.01 per unit, which are economically linked to Prologis common stock and are structured to vest in four equal annual installments of 25% each on July 14 of 2027, 2028, 2029, and 2030, subject to continued employment. These LTIP Units are issued under the Prologis, Inc. 2020 Long-Term Incentive Plan and are convertible, upon vesting and satisfaction of tax conditions, into common units of Prologis, L.P., which in turn may be redeemed for either cash equal to the then-current market value of Prologis common stock or, at the company’s election, for an equivalent number of Prologis common shares, with no expiration on the conversion or redemption rights. Based on the current stock price of approximately $148.32 per share and the economic equivalence of one LTIP Unit to one common share, the aggregate current market value of the award is approximately $1.5 million, bringing Andrus’s post-transaction economic ownership to an estimated 158,320 units/shares equivalent with an implied value of about $23.5 million.

Filing Facts

CIK

1045609

Ticker

PLD

Form

4

Source Type

sec

Accession

0001193125-26-306404

Alert Tier

7