Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 517

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 517
---
114

        Prologis, L.P.

        3,323,047

        3,324,275

        10,046,382

        9,512,848

        549,100

        489,417

        Limited partners in Prologis, L.P. (2)(3)

        1,342,585

        1,317,721

        -

        -

        -

        -

        Prologis, Inc.

        $
        4,665,632

        $
        4,641,996

        $
        10,046,382

        $
        9,512,848

        $
        549,100

        $
        489,417

       (1)Includes two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. The limited partnership units outstanding at December 31, 2024 and 2023 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. (2)We had 7.7 million and 8.6 million Class A Units at December 31, 2024 and 2023, respectively, that were convertible into 7.4 million and 8.2 million, respectively, limited partnership units of the OP at the end of each year. See Note 10 for further discussion of our Class A Units. (3)There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 9.0 million and 9.1 million shares of the Parent’s common stock, at December 31, 2024 and 2023, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 6.7 million and 5.7 million shares of the Parent’s common stock at December 31, 2024 and 2023, respectively. See further discussion of LTIP Units in Note 12.

NOTE 12. LONG-TERM COMPENSATION 2020 Long-Term Incentive Plan  The 2020 Long-Term Incentive Plan ("2020 LTIP") provides for grants of awards to officers, directors, employees and consultants of the Parent or its subsidiaries. Awards can be in the form of: full value