Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 83

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 83
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ii) expected volatility of the MSCI REIT Index of 29%; and (iii) correlation between our common stock and the MSCI REIT Index of 82%. The potential compensation pool was capped at $100.0 million. The performance criteria was not met for the performance period ended 2024. |

| l |     | 2023-2025 performance period: This performance period began on January 1, 2023, and will end on December 31, 2025, and included 136 participants at its start. The value of the potential compensation pool on January 1, 2023, the date POP Allocations were awarded, was $28.3 million, determined using a Monte Carlo simulation. Variables used in the simulation under a risk-neutral premise include: (i) expected volatility of our common stock of 35%; (ii) expected volatility of the MSCI REIT Index of 31%; and (iii) correlation between our common stock and the MSCI REIT Index of 84%. The potential compensation pool was capped at $100.0 million. As of December 31, 2024, the projected value of this compensation pool was zero. |

PPP Allocations Please see “Compensation Discussion and Analysis” for further details, including a discussion of the general structure of PPP and how it fits into our overall compensation program. With respect to PPP awards paid in 2024, at the end of the applicable Promote performance period the Compensation Committee assessed each NEO’s performance and contributions to the applicable Strategic Capital venture over the performance period to determine the value of their respective PPP awards (the “PPP Allocations”). PPP Allocations are awarded to NEOs in cash and/or equity at the discretion of the Compensation Committee. The equity portion of earned awards is paid in RSUs or LTIP Units with a four-year vesting period. For accounting purposes, the cash awards, if any, will be expensed when earned and paid to participants and the equity awards are expensed over the vesting period. For each applicable venture in the corresponding year, the Compensation Committee made PPP Allocations to NEOs of the following approximate portions of the applicable compensation pools (in some cases, the actual amount paid to NEOs was less than the PPP Allocation due to the cap on PPP awards). Percentages are rounded:

| l |     | 2022: Mr. Moghadam 15%; Mr. Arndt 3%; and Mr. Nekritz 4%. |

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