Company: PLDGP
Filing Date: 2025-06-06
Form Type: 11-K
Source: 0000950170-25-083118
Chunk: 3

Company: Prologis, Inc.
Filing Date: 2025-06-06
Form: 11-K
Chunk 3
---
 of year                                                               |     | $                       | 519,667 |   |     | $ | 468,488 |   |
| See accompanying notes to financial statements                            |     |                         |         |   |     |   |         |   |

<div align='center'>3

PROLOGIS
401(k) SAVINGS PLAN

Notes to Financial Statements</div>

NOTE 1. DESCRIPTION OF THE PLAN

The following description of the Prologis 401(k) Savings Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions.

General

The Plan is a defined contribution plan established by Prologis, Inc. and subsidiaries (“Prologis” or the “Company”). The terms of the Plan in 2024 and 2023 are substantially the same unless noted otherwise. The Plan covers all eligible U.S. employees of Prologis. Eligibility to participate begins with the date of hire and participation is voluntary. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. The Plan trustee and record keeper are Fidelity Management Trust Company ("FMTC") and Fidelity Workplace Services LLC ("FWS"), respectively.

Acquisition and Plan Merger

Effective October 3, 2022, Prologis acquired Duke Realty Corporation and Duke Realty Limited Partnership (collectively “Duke”). Duke was the plan sponsor of the Duke Realty 401(k) Plan (“Duke Plan”). Effective October 3, 2022, the Duke Plan was amended to freeze contributions and to fully vest all participants' accounts held in the Duke Plan. Prologis approved the merger of the Duke Plan into the Plan and on April 17, 2023, all Duke Plan assets of approximately $116 million were liquidated and/or transferred in-kind to the Plan.

Contributions

Participants are automatically enrolled in the Plan to contribute 3% of eligible compensation when they are hired. Participants have 30 days to decline automatic enrollment. Once enrolled, participants may change their contribution percentage at any time. Participants may contribute on a pre-tax or after-tax basis, up to 75% of their eligible annual compensation, as defined in the Plan, not to exceed $23,000 ($30,500 if age 50 or older) and $22,500 ($30,000 if age 50 or older) in 2024 and 2023, respectively. Participants may