Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 110

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 110
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 on December 31, 2019. Compensation Actually Paid to our PEO increased by 1,274% from 2022 to 2023, given that Compensation Actually Paid to our PEO was a negative figure in 2022 and our stock price increased at the end of 2023. Average Compensation Actually Paid toNon-PEONEOs increased by 2,402% from 2022 to 2023, given that Compensation Actually Paid to ourNon-PEONEOs was a negative figure in 2022 and our stock price increased at the end of 2023. |

| l |     | Prologis TSR declined by18% from 2023 to 2024 but remained positive with a total return of $35.08at the end of 2024 on an initial investment of $100 made at the closing price on December 31, 2019. Compensation Actually Paid to our PEO decreased by 125% from 2023 to 2024, resulting in negative Compensation Actually Paid to our PEO for 2024. Average Compensation Actually Paid toNon-PEONEOs decreased by 99% from 2023 to 2024. |

| l |     | The relationship between Prologis TSR and Compensation Actually Paid to our PEO/Average Compensation Actually Paid toNon-PEONEOs during this period is directionally correlated as all metrics are a function of Prologis’ stock price. When Prologis TSR increased year-over-year, so did the compensation actually paid metrics. When Prologis TSR decreased year-over-year, so did the compensation actually paid metrics. |

| PAY VERSUS PERFORMANCE |

Compensation Actually Paid and Net Income / Core FFO per share:

| l |     | Prologis’ Net Income (in thousands) increased each year between 2020 and 2022, from $1,616,630in 2020, to $3,148,590in 2021 (a 95% increase from 2020 to 2021) to $3,555,398in 2022 (a 13% increase from 2021 to 2022). Prologis’ Net Income declined to $3,253,145in 2023 (a 9% decrease from 2022 to 2023) primarily due to lower gains on sales of real estate. Prologis’ Net Income increased to $3,947,935in 2024 (a 21%