v3.8.0.1

Long-Term Compensation | 9 Months Ended
--- | ---
Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Long-Term Compensation | NOTE 7. LONG-TERM COMPENSATION Prologis Outperformance Plan (“POP”) Participation points represent a portion of a compensation pool that can be earned if and when certain performance criteria are met under the POP for the applicable performance period. We granted participation points for the 2017 – 2019 performance period in January 2017, with a fair value of $20.4 million using a Monte Carlo valuation model that assumed a risk-free interest rate of 1.49% and an expected volatility of 22.2%. The POP performance criteria were met for the 2014 – 2016 performance period, which resulted in awards for this performance period being earned. An aggregate performance pool of $62.2 million was awarded in January 2017 in the form of common stock or vested POP LTIP Units. Prologis Promote Plan (“PPP”) The following table details the equity awards granted under the PPP for the nine months ended September 30 (in thousands):
|  | 2017 |  |  | 2016 |
RSUs granted |  |  | 88 |  |  |  | 53 |
Grant date fair value of RSUs granted |  | $ | 4,800 |  |  | $ | 2,300 |
LTIP Units granted |  |  | 203 |  |  |  | 114 |
Grant date fair value of LTIP Units granted |  | $ | 11,100 |  |  | $ | 4,900 |
Prologis Outperformance Plan Operating Partnership Long-Term Incentive Plan Units (“POP LTIP Units”) The following table summarizes the activity for the unvested POP LTIP Units for the nine months ended September 30, 2017 (units in thousands):
|  | Number of Unvested |
|  | POP LTIP Units |
Balance at January 1, 2017 |  |  | 3,490 |
Granted |  |  | 38 |
Vested POP LTIP Units (1) |  |  | (698 | )
Forfeited |  |  | (576 | )
Balance at September 30, 2017 |  |  | 2,254 |
(1) | Vested units were based on the POP performance criteria being met for the 2014 – 2016 performance period and represented the earned award amount. Vested units are included in LTIP Units in the table below. Any excess outstanding unvested POP LTIP Units for the 2014 – 2016 performance period were forfeited to the extent not earned.
Operating Partnership Long-Term Incentive Plan Units (“LTIP Units”) The following table summarizes the activity for LTIP Units for the nine months ended September 30, 2017 (units in thousands):
|  | Number of |  |  | Weighted Average |  |  | Number of |
|  | LTIP Units |  |  | Grant-Date Fair Value |  |  | LTIP Units Vested |
Balance at January 1, 2017 |  |  | 2,219 |  |  | $ | 40.81 |  |  |  | 743 |
Granted |  |  | 1,032 |  |  |  |  |  |  |  |  |
Vested POP LTIP Units |  |  | 698 |  |  |  |  |  |  |  |  |
Conversion to common limited partnership units |  |  | (234 | ) |  |  |  |  |  |  |  |
Balance at September 30, 2017 |  |  | 3,715 |  |  | $ | 45.54 |  |  |  | 1,868 |
Restricted Stock Units (“RSUs”) The following table summarizes the activity for RSUs for the nine months ended September 30, 2017 (units in thousands):
|  | Number of |  |  | Weighted Average |  |  | Number of |
|  | RSUs |  |  | Grant-Date Fair Value |  |  | RSUs Vested |
Balance at January 1, 2017 |  |  | 1,617 |  |  | $ | 40.58 |  |  |  | 125 |
Granted |  |  | 757 |  |  |  |  |  |  |  |  |
Vested and distributed |  |  | (802 | ) |  |  |  |  |  |  |  |
Forfeited |  |  | (63 | ) |  |  |  |  |  |  |  |
Balance at September 30, 2017 |  |  | 1,509 |  |  | $ | 45.35 |  |  |  | 106 |
Stock Options We have 0.8 million stock options outstanding and exercisable at September 30, 2017, with a weighted average exercise price of $30.81. The aggregate intrinsic value of exercised options was $24.4 million and $43.9 million for the nine months ended September 30, 2017, and 2016, respectively. No stock options were granted in 2017 or 2016.

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration