secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001193125-24-009238
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000119312524009238/0001193125-24-009238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000119312524009238/d134742d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-009238

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer