Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 34

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 34
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 Core Compensation: Annual Bonus Opportunity              |
| 51 |     | 2024 Core Compensation: Annual LTI Equity Awards              |
| 53 |     | 2024 Outperformance Compensation: Prologis Promote Plan (PPP) |
| 57 |     | Other Compensation Considerations                             |
| 60 |     | Talent and Compensation Committee Report                      |

All company operational information in this Compensation Discussion and Analysis (CD&A) is for the year ended or as of December 31, 2024, unless otherwise noted. See Appendix A for definitions and discussion of non-GAAPmeasures and reconciliations to the most directly comparable GAAP measures and for additional detail regarding definitions of terms as generally explained in this Compensation Discussion and Analysis. The Talent and Compensation Committee (“Compensation Committee” or “the Committee”) reviews management’s performance against key company performance measures, such as Core FFO per share, discussed below. Messrs. Moghadam, Arndt, Letter, Ghazal, Andrus and Nekritz are our NEOs for purposes of this Proxy Statement.

| COMPENSATION DISCUSSION AND ANALYSIS |

Prologis Business Overview The world runs on logistics. At Prologis, we don’t just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help our customers’ businesses move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one—not just shaping the future of logistics but building what comes next. Largest global owner of logistics real estate.We own, manage, lease and develop high-quality logistics facilities in 20 countries across four continents. At year-end2024, our portfolio included 1.3B square feet of logistics space worldwide and $198B of assets under management, with the largest market capitalization in the world among public REITs. Customer-centric business model:We offer logistics facilities globally in our customers’ most critical markets, demonstrated by the fact that 60% of our top 25 customers lease space from us on multiple continents. Our model delivers strong long-term stockholder returns:Our global scale, customer-centric model and ability to execute on our forward-looking strategy has enabled our five-, seven- and ten-yearannualized TSR to outperform the MSCI U.S. REIT Index, by 189 bps, 442 bps and 695 bps