Company: PLDGP
Filing Date: 2025-06-06
Form Type: 11-K
Source: 0000950170-25-083118
Chunk: 7

Company: Prologis, Inc.
Filing Date: 2025-06-06
Form: 11-K
Chunk 7
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 Participants

Benefits paid to participants are recorded when paid.

Administrative Expenses

Administrative expenses of the Plan are paid by the Plan. Such expenses will be a charge upon Plan assets and deducted by the trustee to the extent permitted by applicable law. Administrative expenses incurred by the Plan in both 2024 and 2023 were approximately $185,000.

Certain other administrative expenses of maintaining the Plan are paid directly by the Company and are excluded from these financial statements.

Fair Value Measurements

The Company has estimated fair value using available market information and valuation methodologies believed to be appropriate for these purposes. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The fair value hierarchy consists of three broad levels:

Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 — Unobservable inputs for the asset or liability.

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PROLOGIS
401(k) SAVINGS PLAN

Notes to Financial Statements - Continued</div>

There were no transfers in or out of Levels 1, 2, or 3 during 2024 or 2023. The Plan’s investments that are measured at fair value in the hierarchy table and at NAV on a recurring basis, are shown in the table below at December 31 (in thousands):

| Investments measured at fair value                      |     | 2024 |         |     | 2023 |         |
|:--------------------------------------------------------|:----|:-----|--------:|:----|:-----|--------:|
| Mutual funds                                            |     | $    | 113,073 |     | $    | 243,595 |
| Prologis, Inc. common stock                             |     |      |  39,387 |     |      |  53,443 |
| Self-directed brokerage account                         |     |      |  19,952 |     |      |  17,324 |
| Total investments in the fair value hierarchy table (1) |     |      | 172,412 |     |      | 314,362 |