Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 67

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 67
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 value is included in the NEO’s compensation even though there is no assurance that the value of the allocation will ever be realized by the NEO. 2024 PSUs awarded on January 16, 2024 (approved by the Compensation Committee and granted on January 16, 2024), were:

| l |     | Mr. Moghadam—72,054 PSUs valued at $9,302,171 |

| l |     | Mr. Arndt—28,862 PSUs valued at $3,726,084 |

| l |     | Mr. Letter—39,492 PSUs valued at $5,098,417 |

| l |     | Mr. Nekritz—20,395 PSUs valued at $2,632,995 |

| SUMMARY COMPENSATION TABLE |

| l |     | Mr. Ghazal—22,558 PSUs valued at $2,912,238 |

| l |     | Mr. Andrus—22,558 PSUs valued at $2,912,238 |

The grant date fair value of PSUs was 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 ($129.10). This is the value used for accounting purposes to expense the grant. Information on how we value equity awards is included in the narrative discussion that follows the Grants of Plan-Based Awards in Fiscal Year 2024 table below. See “Compensation Discussion and Analysis” for additional detail on our new forward-looking LTI equity award program. Annual LTI Equity Incentive Awards Under Prior Backward-Looking Program Structure: Under our annual LTI equity award program for backward-looking performance periods ending between 2021 and 2024, we generally granted equity awards in the first quarter for the performance period ended in the previous year. For example, the annual awards in column (e) of the Summary Compensation Table for 2024 were granted in January 2024 but were based on a performance period that ended in 2023. The amount of each NEO’s annual award is based on performance criteria and the award is also subject to continued employment. 2024 LTIP Units and RSUs issued on January 16, 2024 (approved by the Compensation Committee on January 16, 2024), were:

| l |     | Mr. Moghadam—95,214 LTIP Units valued at $12,374,