Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 44

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 44
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 2025, it will be reported in our Summary Compensation Table for the year 2025. |

| COMPENSATION DISCUSSION AND ANALYSIS |

2024 Core Compensation: Annual Bonus Opportunity

| HOW IT WORKS |

| Bonus calculation process   Corporate score determination:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |     | NEO bonus calculation:                                                                                                                                                                                                                                                                                                                                                              |
| l   We use a scorecard to assess performance measured by operational metrics supporting our strategic priorities.   l   Metrics in the scorecard are divided into five categories and weighted according to their significance (see following pages).   l   Each metric is assessed based on company performance, which generates a score for each of the five bonus categories.   l   The category scores are multiplied by the weight assigned to the category and added together to determine the overall corporate score (which translates into a percentage of the target bonus pool).   l   The corporate score is set in a range between 50% and 200% of target (50% if threshold performance is achieved; 200% maximum if the stretch performance hurdle is achieved). |     | l   The corporate score determines 80% of our NEOs’ bonuses, with the remaining 20% based on individual performance supporting company strategic priorities.   Key NEO bonus features:   l   All bonuses are 100% based on performance in support of our annual business plan.   l   There is no minimum guaranteed bonus.   l   Bonus payments are capped at 200% of target bonus. |

Bonus structure aligns with our key strategic priorities to drive stockholder value. Our bonus metrics are set annually to reflect the company’s business imperatives for the year. We choose metrics to incentivize progress on our current financial and strategic priorities, which may change from year to year as goals are achieved and strategy evolves. For example, in 2023, we included a metric that measured the cost per individual placed in a logistics role through our Community Workforce Initiative (CWI) to drive efficiency in this program. We significantly reduced the cost per CWI individual placed in 2023 and therefore determined that this metric was not necessary in 2024. Portfolio Operations metrics are the most heavily weighted. Our 2024 bonuses were largely determined by our performance on operational metrics in the Portfolio Operations category (45