Prologis said Carter Andrus became Chief Operating Officer ("COO") and Joseph Ghazal became Chief Investment Officer ("CIO") effective January 1, 2024, and that former COO Gary Anderson moved into a senior advisor role.

1. 01

   Prologis said Carter Andrus became Chief Operating Officer ("COO") and Joseph Ghazal became Chief Investment Officer ("CIO") effective January 1, 2024, and that former COO Gary Anderson moved into a senior advisor role.

2. 02

   Prologis said the annual base salaries of Mr. Andrus and Mr. Ghazal each became $600,000 effective January 1, 2024.

3. 03

   The company said it set each executive's annual bonus target at 125% of base salary and a first-year annual incentive equity award target at $3,650,000. It said actual payouts may be less than, greater than, or equal to those targets depending on whether the award terms and conditions are met.

4. 04

   Prologis said it entered into a Change in Control and Noncompetition Agreement with each of Mr. Andrus and Mr. Ghazal on January 1, 2024, on terms substantially the same as those of its other executive officers. It also said it executed waivers of retirement eligibility benefits with each of them.

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