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Hamid Moghadam (NYSE: PLD) gifts 4.0M Prologis shares to family trusts
Prologis director Hamid Moghadam reported gifting over 4 million LTIP Units and common stock to various family trusts and an LLC, rather than engaging in market purchases or sales. These transactions were bona fide gifts, reallocating ownership among family-related entities. The report details the specific transfers, remaining holdings, and clarifies the nature of LTIP Units and rabbi trusts, indicating a change in form of ownership without altering his pecuniary interest.