Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 103

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 103
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 Moghadam, $650,000 for Mr. Arndt and Mr. Nekritz, $700,000 for Mr. Letter and $600,000 for Mr. Ghazal and Mr. Andrus) and the executive’s annual bonus at target for 2024 ($1,500,000 for Mr. Moghadam, $780,000 for Mr. Arndt, $910,000 for Mr. Letter, $845,000 for Mr. Nekritz and $750,000 for Mr. Ghazal and Mr. Andrus). Under the death scenario, each executive’s severance payment has been reduced by $1,000,000, which is the approximate present value of the life insurance benefit provided by the company. The life insurance benefit provided by the company is two times base salary with a limit of $1,000,000. Under the disability scenario, the starting amount is the same as under the death scenario and each executive’s severance payment has been reduced to zero based on the expected present value of future disability benefits that the executive would receive that are provided and funded by the company. The annual disability benefit provided by the company is 60% of base salary subject to a maximum of $300,000 per year. For this purpose, it is assumed that the present value of the future annual disability benefits to be received will be in excess of the payments required under the CIC Agreements. Under the change in control scenario, the NEO would receive cash severance equal to two times his annual base salary (or, in the case of Mr. Moghadam, base salary plus equity compensation paid in lieu of salary) and two times his annual bonus (at target) for the current year. |

| (3) | In the change in control scenario contained in the CIC Agreements, the NEO would receive a cash payment equal to the cost of continuation of health insurance coverage in place at the date of termination for 24 months. Additionally, the CIC Agreements provide for the payment of an amount equal to two times the company’s matching contribution under the 401(k) Plan ($31,000 for Mr. Arndt, Mr. Nekritz and Mr. Ghazal and $23,500 for Mr. Letter and Mr. Andrus) and for outplacement services for one year with an estimated value of $36,600. |

| (4) | The CIC Agreements provide for the reduction of any payments to which the NEO is