Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 74

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 74
---
, 2024, and vest ratably over a four-year period. The value in column (l) represents the award in column |

| GRANTS OF PLAN-BASED AWARDS |

| (i) valued at $129.97 per share, which was the closing price of our common stock on January 16, 2024, the date the Compensation Committee approved the award. This value is used for accounting purposes to expense the grant. |

| (4) | The NEO was awarded a compensation opportunity through participation in PPP. PPP compensation pools were determined in February 2024 and September 2024 after incentive fees, or promotes, were earned by one of our co-investment ventures. As a result, the NEOs each earned PPP awards related to these promotes. The entire award was paid in the form of equity to all NEOs. The LTIP Units and RSUs were issued in February 2024 and September 2024 and vest ratably over a four-year period. The values of the LTIP Units and RSU awards granted are included in column (l) of this table based on the fair value of $133.42 and $129.98 per share which was the closing price of our common stock on February 21, 2024 and September 13, 2024, respectively (the date the Compensation Committee granted the awards). This value is used for accounting purposes to expense the grant. See “Compensation Discussion and Analysis.” |

| DISCUSSION OF SUMMARY COMPENSATION TABLE AND THE GRANTS OF PLAN-BASED AWARDS |

Narrative Discussion to the Summary Compensation Table for Fiscal Year 2024 and the Grants of Plan-Based Awards in Fiscal Year 2024 Table Equity compensation plans At our annual meeting on April 29, 2020, our stockholders approved and adopted the Prologis, Inc. 2020 Long-Term Incentive Plan (the “2020 LTIP”). The 2020 LTIP enables our executive officers, employees, directors and consultants to participate in the ownership of the company and allows us to attract and retain our executive officers, other employees and directors, as well as provide incentives to such persons to maximize our company performance. In addition, we have other equity compensation plans under which equity awards were outstanding as of December 31, 2024:

| l |     | the Amended and Restated 2002 Stock Option and Incentive Plan and the Third Amended and Restated 1997 Stock Option and