Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 114

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 114
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 overall mix in equity-based compensation. An employee who also serves as a member of the Board, such as Mr. Moghadam, does not receive additional compensation for service on the Board. In May 2024, Pay Governance conducted a competitive review of our non-employeedirector compensation to ensure that our compensation levels are competitive, and the structure of the program is consistent with corporate governance best practices. This analysis compared our non-employeedirector compensation to Prologis’ executive compensation peer group (1)and the companies contained in the S&P 500 Index. Pay Governance’s review found that (i) our non-employeedirector compensation is aligned with the peer group median and slightly above the 75 thpercentile of the S&P 500 and (ii) the mix between the cash and equity components of our non-employeedirector compensation (35% in cash and 65% in equity) was consistent with average competitive practice. The Compensation Committee recommended increasing the cash retainers for the Audit Committee chair by $7,500 and Compensation Committee and Board Governance and Nomination Committee each by $5,000. The recommendation was approved by the full Board on May 9, 2024, and the increases are reflected in the amounts listed below. Compensation applicable to service on the Board by our non-employeedirectors for 2024 was as follows:

| l |     | Annual cash retainer: $120,000 |

| l |     | Annual equity awards: Valued on the grant date at $225,000 |

| – | In the form of deferred share units (“DSUs”), each convertible into one share of our common stock, that will vest upon the earlier of one year from the grant date or the date of the next annual meeting. After vesting, receipt of the underlying common stock is deferred until at least three years from the grant date. The DSUs earn dividend equivalent units (“DEUs”) while they are outstanding. |

| l |     | Lead independent director retainer: $50,000 |

| l |     | Annual retainer for serving as chair of a committee: |

| – | Audit: $37,500 |

| – | Compensation: $30,000 |

| – | Governance: $25,000 |

| – | Executive: None |

| l |     | Excess meeting fee: Meeting fee of $1,500 for each meeting attended in excess of a combined 20 Board and committee meetings per year. |

The equity component of the compensation