Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 4

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 4
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 Board as a substitute, or the Board may reduce the number of directors. Each of the director nominees has consented to be named in this Proxy Statement and to serve as a director if elected. |

| l |     | Information about each director nominee’s share ownership is presented below, under “Security Ownership.” |

Our Bylaws provide for a majority voting standard for the election of directors. See “Additional Information—Majority Voting” for further detail. The shares represented by the proxies received will be voted for the election of each of the 12 nominees named below, unless you indicate in the proxy that your vote should be cast against any or all of the director nominees or you abstain from voting. Each nominee elected as a director will continue in office until his or her successor has been duly elected and qualified or until the earliest of his or her resignation, retirement or death. The Board unanimously recommends stockholders vote FORthe election of each nominee.

| BOARD OF DIRECTORS AND CORPORATE GOVERNANCE |

CEO and Management Succession Planning Effective January 1, 2026, our co-founder, Hamid Moghadam, will transition from CEO to executive chairman of the Board. After more than four decades of visionary leadership, Mr. Moghadam’s continued service as executive chairman will provide strategic guidance consistent with the company’s mission of “enduring excellence.” Mr. Letter, our president and a longtime leader within the company, will succeed Mr. Moghadam as CEO. Mr. Letter, who joined the company in 2004, is well prepared to lead the company into its next phase of growth. Our prioritization of long-term succession planning enabled an effective C-suite transition. We began succession planning for senior officers six years ago in 2019. Since April 2022, we have successfully transitioned a full slate of executive officers. Given the global scale and unique scope of our business, we invest inpromoting internal candidates who bring a long-term understanding of our business and exceed performanceexpectations. This was evident as our new executive officers were allpromoted from within and have served at Prologis for an average of over 20 years. We prepared our next generation of executive officers to assume top leadership roles with a carefully planned succession strategy to ensure the company’s continued success while minimizing disruption. Each executive officer was well-positioned for his or her current role through increasing leadership responsibilities and mentorship from their predecessors. For example, Mr. Letter was positioned with key global leadership responsibilities to prepare him to become our next CEO.