Prologis modifies equity award terms for CEO and two executives, adds dividend equivalents

Prologis, Inc.

Compensation Committee approved new PSU agreement with cash-settled dividend equivalents on Target PSUs for 2020 plan.
Amendment removes retirement eligibility waiver for equity awards granted on or after Jan 1, 2026 for Daniel Letter, Timothy Arndt, and Carter Andrus.
Updated PSU agreement covers performance period from Jan 1, 2026 to Dec 31, 2028 with cash dividend equivalents accrued during period.
Executives affected: Daniel S. Letter (CEO), Timothy D. Arndt (CFO), and Carter H. Andrus (COO).
Change applies to all equity-based awards granted on or after January 1, 2026.

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