Prologis said that effective January 1, 2026, Daniel S. Letter became Chief Executive Officer and Hamid R. Moghadam became Executive Chairman of the Board. The company said this was as reported in its Form 8-K filed on February 19, 2025.

1. 01

   Prologis said that effective January 1, 2026, Daniel S. Letter became Chief Executive Officer and Hamid R. Moghadam became Executive Chairman of the Board. The company said this was as reported in its Form 8-K filed on February 19, 2025.

2. 02

   Prologis said the Board's Talent and Compensation Committee approved compensation packages for Letter and Moghadam reflecting their new roles on January 20, 2026.

3. 03

   Prologis said Letter's annual base salary is $1,000,000, his annual bonus target is 200% of base salary, and his 2026 long-term incentive equity award target is $15,750,000. The company said the actual amounts payable may be less than, equal to, or greater than such target amounts depending on performance.

4. 04

   Prologis said Moghadam was granted a Performance Stock Unit award with a target value of $13,750,000 for 2026. The company also said he received a one-time service-based grant of 220,000 LTIP Units for retention purposes, which cliff vests on the 3rd anniversary of the grant date.

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