Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 73

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 73
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4 and 2025. |

| (1) | Represents the annual long-term incentive equity awards for the 2024-2026 performance period that were granted in 2024. These awards were approved by the Compensation Committee on January 16, 2024, and were granted in the form of PSUs. The value in column (l) represents the award in column (i) valued at $129.10 per share, which was the grant date fair value determined using a Monte Carlo simulation and a weighted discount of 10% to the fair value of the awards to reflect the illiquidity imposed by post-vesting holding periods. This value is used for accounting purposes to expense the grant. We used the grant date fair value of the award as an estimate of target value because payments under the award ultimately will be based on company performance relative to the MSCI REIT Index over the performance period. The amount in column (g) represents the target amount of this award. The amount in column (f) represents the threshold value of this award (50% of target). The amount in column (h) represents the maximum value of this award (200% of target). See “Compensation Discussion and Analysis” for additional detail. |

| (2) | Represents the annual long-term equity incentive awards for the performance year ended in 2023 that were granted in 2024. These awards were approved by the Compensation Committee on January 16, 2024, at which time the NEO elected to receive the award in the form of LTIP Units, except for Mr. Ghazal who elected RSUs. The LTIP Units and RSUs were issued on January 16, 2024, and vest ratably over a four-year period. The value in column (l) represents the award in column (i) valued at $129.97 per share, which was the closing price of our common stock on January 16, 2024. This value is used for accounting purposes to expense the grant. See the narrative that follows the “Grants of Plan-Based Awards in Fiscal Year 2024” table. |

| (3) | Represents equity compensation contingent on 2023 performance in lieu of 2023 salary and granted in 2024. The Compensation Committee determined that the maximum value of this award ($999,999) would be paid as company performance was greater than target using our corporate score assessed against our annual bonus plan metrics. The LTIP Units were issued on January 16