Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 6

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 6
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 be nominated or appointed to the Board if they are, or would be, 75 years old or older at the time of the election or appointment.

| l |     | Our Board granted a waiver to Mr. Lyons, who is currently 75, from this policy as part of our overall succession planning. Mr. Lyons is deeply experienced in the logistics real estate industry and has longstanding institutional knowledge of our business. He has served as our lead independent director since June 2011—as a result, the Board determined that Mr. Lyons’ ongoing service will support our carefully planned succession strategy(1) and is in the best interest of the company and our stockholders. |

| l |     | Mr. Webb, who is also 75, will not stand for reelection based on this policy. Mr. Webb is the current chair of our Audit Committee. |

2025 board evaluation feedback Key feedback from our Board evaluation process:

| l |     | Noted the high-functioning nature of the Board and strong leadership of our lead independent director and committee heads. |

| l |     | Commended the clear communication and candor with management. |

| l |     | Focused on executive succession planning. |

| l |     | Also focused on director succession planning, an orderly transition of applicable Board leadership positions and recruiting directors with experience that aligns with our current business model, such as chief executive officer or senior executive experience and experience that supports our core real estate business and/or our Prologis Essentials business, including related to energy and to delivering customer-centric products, services and solutions. |

| l |     | Recognized the strength of our CEO and management, with a high level of confidence in the new executive team. |

| l |     | Determined that there were no concerns about Board independence or longer-tenured directors. |

| (1) | See “CEO and Management Succession Planning” and “Compensation Discussion and Analysis.” |

| BOARD OF DIRECTORS AND CORPORATE GOVERNANCE |

Regular board refreshment The Board is committed to regular refreshment to maintain an optimal balance of skills, backgrounds and perspectives. We have successfully onboarded eight new directors since 2015 and nominated another new director at our 2025 Annual Meeting, increasing the breadth of experience of our Board. Ms. Slusser is a new director nominee at our 2025 Annual Meeting. She is the CEO of Cypress Creek Renewables, a solar power producer and developer. Her substantial background in renewable energy will support our Prologis