Company: PLDGP
Filing Date: 2025-12-05
Form Type: 8-K
Source: 0001193125-25-309628
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Company: Prologis, Inc.
Filing Date: 2025-12-05
Form: 8-K
Item: Item 5.02
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Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

On December 3, 2025, the Talent and Compensation Committee (the “ Compensation Committee”) of the Board of Directors of Prologis, Inc. (the “ Company”) approved a new form of Performance Stock Unit Agreement (the “ Updated PSU Agreement”) to be used to grant equity awards under the Company’s 2020 Long-Term Incentive Plan. The Updated PSU Agreement provides for the accrual of dividend equivalents on Target PSUs (as defined in the Updated PSU Agreement) during the applicable performance period. Such dividend equivalents will be settled in cash after the applicable performance period if and to the same extent

that

the underlying Target PSUs are earned based on the applicable performance criteria, subject to the terms of the Updated PSU Agreement. A copy of the Updated PSU Agreement has been filed as an exhibit to this Current Report and is incorporated herein by reference.

The Compensation Committee also approved a form of amendment to the Amended Agreement Relating to Retirement Eligibility and Vesting of Equity-Based Awards (the “ Retirement Eligibility Waiver Amendment”) entered into previously between the Company and each of Daniel S. Letter, Timothy D. Arndt and Carter H. Andrus. The Retirement Eligibility Waiver Amendment provides that for each of Messrs. Letter, Arndt and Andrus any equity-based awards granted on or after January 1, 2026, shall not be subject to the terms of the waiver. A copy of the Retirement Eligibility Waiver Amendment has been filed as an exhibit to this Current Report and is incorporated herein by reference.