Prologis replaces outperformance plan with PSU plan tied to MSCI REIT index; cuts Promote Plan bonus pool to 25%

Prologis, Inc.

New PSU plan for CEO: 100% performance-based; other top officers: 80% performance, 20% service-based.
Performance scale based on MSCI U.S. REIT Index percentile ranking over 2024-2026; awards range 0%-200% of target.
Prologis Promote Plan amended: Bonus Pool reduced from 40% to 25% of Incentive Fees.
No new awards under prior Outperformance Plan for these officers.
Additional two-year time vesting and three-year lock-up after performance period.

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