Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 66

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 66
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 Fiscal Year 2024 table below. |

| (5) | For Mr. Moghadam, includes equity compensation contingent on performance paid in lieu of salary. The Compensation Committee determined that the maximum value ($999,999) of Mr. Moghadam’s equity compensation contingent on 2023 performance in lieu of 2023 salary would be paid as company performance was greater than target using our corporate score assessed against our annual bonus plan metrics. 2024 LTIP Units issued on January 16, 2024 (approved by the Compensation Committee on January 16, 2024), were 7,694 LTIP Units valued at $999,989, and this amount is included for 2024 in this column of the Summary Compensation Table. The value of Mr. Moghadam’s equity compensation contingent on 2022 performance in lieu of 2022 salary was $999,894 (granted in 2023 and reported for 2023 in the Summary Compensation Table). The value of Mr. Moghadam’s equity compensation contingent on 2021 performance in lieu of 2021 salary was $999,903 (granted in 2022 and reported for 2022 in the Summary Compensation Table). |

| (6) | Amounts represent the value of equity awards granted in each year including awards granted under our annual LTI equity award program (including both the new forward-looking annual LTI equity award program and the prior backward-looking annual LTI equity award program), awards granted under PPP, the allocation of the POP compensation pool to the NEO for the applicable performance period, if any, and awards granted to Mr. Moghadam contingent on performance in lieu of salary (as described in Note (5)). |

Annual LTI Equity Incentive Awards Under New Forward-Looking Program Structure: Under our annual LTI equity award program for forward-looking performance periods beginning in 2024, we generally grant equity awards in the first quarter for performance periods commencing in that year. For example, the annual awards in column (e) for 2024 were granted in January 2024 for the 2024-2026 performance period. The amount of each NEO’s annual award that is earned at the end of the applicable performance period, if any, is based on performance criteria and a portion of the award is thereafter subject to time vesting conditions. The values in column (e) of the Summary Compensation Table include the grant date fair value of the NEO’s Performance Stock Units (“PSU”). This