The company said it will make no new grants under the Second Amended and Restated 2018 Outperformance Plan (POP) to its chief executive officer, chief financial officer, president, chief legal officer, chief operating officer and chief investment officer, beginning with the 2024 performance year.

1. 01

   The company said it will make no new grants under the Second Amended and Restated 2018 Outperformance Plan (POP) to its chief executive officer, chief financial officer, president, chief legal officer, chief operating officer and chief investment officer, beginning with the 2024 performance year.

2. 02

   Prologis said it plans to grant annual equity awards to the Applicable Officers, consisting of 100% performance-based for the CEO and 80% performance-based and 20% service-based for the other Applicable Officers.

3. 03

   The company said its 2024 performance year PSUs will be tied to the company's percentile ranking in the MSCI U.S. REIT Index for the period from January 1, 2024 to December 31, 2026, with awards ranging from 0% of target (below the 35th percentile) to 200% of target (at the 85th percentile or above). Target 100% award value requires a ranking at the 55th percentile.

4. 04

   Prologis said its Talent and Compensation Committee approved a form of amendment to the Fourth Amended and Restated Prologis Promote Plan that reduces the Bonus Pool from 40% to 25% of Incentive Fees.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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