Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 45

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 45
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% of our total corporate score). These operational metrics for 2024 were (i) Core FFO per share (excluding Promotes), (ii) Same Store NOI Growth—Net Effective and (iii) Data Quality. These metrics have considerable impact on our success and are important to our stockholders in assessing company performance. We include rigorous, quantifiable goals related to Global Impact and Sustainability to support the various components of our industry-leading program and provide a measure of accountability for our progress. Our commitment to environmental sustainability creates value by driving ancillary revenue streams, such as through our Prologis Essentials energy solutions. Metrics related to company culture keep us competitive for top tier talent, differentiate us with customers and investors and strengthen our relationships with the communities in which we do business. Finally, we use third-party assessments to measure our corporate governance performance. We strive to have strong, independently verified governance practices that provide for responsible governance in furtherance of our stockholders’ best interests.

| COMPENSATION DISCUSSION AND ANALYSIS |

Bonus targets are analyzed and set annually. We set our bonus metrics to drive strong operational performance over the long term. Demonstrating the effectiveness of this approach, our performance over the last 10 years has resulted in 11.3% dividend CAGR, 13.2% net earnings per share CAGR and 11.9% Core FFO per share CAGR. (1) The Compensation Committee sets our bonus targets at rigorous levels.Our 2024 Strategic Capital metric, which measures contracted equity commitments from third parties in our Strategic Capital vehicles, serves as an example:

| l |     | In 2023, we ended below target on our Strategic Capital goal. Instead of lowering the target in this category, we increased our ambition by setting a 2024 equity raise goal that exceeded not only our 2023 actual performance, but also our 2023 stretch goal. |

| l |     | Our Strategic Capital metric target for 2024 was $4B of third-party equity raise, which is over $2B greater the actual performance we achieved in 2023. Our 2024 target was more than double our 2023 actual performance in this category. |

Our Essentials Contribution target for 2024 was also set at a level that exceeded 2023 actual performance in this newer business line. OUR BONUS TARGETS ARE RIGOROUS 2024 target Core FFO per share (excluding Promotes) (1)required 8.8% greater performance than Core FFO