Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 2

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 2
---
 see Appendix A for a discussion and reconciliation to the most directly comparable GAAP measure and for a calculation of the CAGR of our Core FFO per share. |

| (3) | See definition of “Large-Cap REITs” on page 35. The average rates of the Large-Cap REIT Group are weighted by market capitalization. |

For further detail, please see “Compensation Discussion and Analysis.”

| PROXY SUMMARY |

2024 COMPENSATION HIGHLIGHTS We Maintained Our Pay-for-PerformanceDesign in 2024 While earnings were strong, some operational metrics fell short of our goals, leading to below target NEO payouts in 2024. Significant changes to our compensation program, implemented based on stockholder feedback, first became effective in 2024.

| Executive payouts reflect company performance in                                                                                                         
 2024                                                                                                                                                     |     | Significant compensation program changes took                                                                                                
 effect in 2024                                                                                                                               |
| All NEO bonuses paid at below-target levels. POP(1) awards for the 2022-2024 performance period did not fund because the performance hurdle was not met. |     | Including a $25M cap on CEO total pay, implementation of a new forward-looking LTI equity program and reduction of the PPP award pool.(1)(2) |

| (1) | Prologis Outperformance Plan (POP) and Prologis Promote Plan (PPP). |

| (2) | Beginning with Strategic Capital Promotes earned by the company in 2024. |

For further detail, please see “Compensation Discussion and Analysis.”

| PROXY SUMMARY |

Recent Awards and Honors

| PROXY SUMMARY |

Proposals Submitted to Vote at the 2025 Annual Meeting We are asking our stockholders of record as of the close of business on March 12, 2025, to consider and vote on the following matters at our 2025 Annual Meeting of Stockholders to be held on May 8, 2025. Please see the section entitled “Additional Information” for details on how to vote and the vote required to approve these matters.

| Proposal                                                                                                                                                                                                                                                                                                                                                 |     | Board          
 Recommendation |
| PROPOSAL 1: Election of Directors   At the Annual Meeting, you will be asked to elect to the board of directors (the “Board”) of Prologis, Inc. the 12 persons nominated by the Board. The directors will be elected to hold office until the 2026 Annual Meeting and until their successors are duly elected and