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    Hamid R. Moghadam

    Chairman of the Board & CEO at Prologis Inc
    Board
    Since December 2012
    Age
    67 years
    Education
    Holds bachelor's and master's degrees in engineering from the Massachusetts Institute of Technology and an MBA from Stanford University.
    Tenure
    Joined as a director in November 1997, advanced to Chairman in January 2000, and assumed the role of Chief Executive Officer at the end of December 2012.

    Also at Prologis Inc

    CHA
    Carter H. Andrus
    Chief Operating Officer (COO)
    DL
    Daniel Letter
    President
    DKB
    Deborah K. Briones
    Chief Legal Officer, General Counsel, and Secretary (effective Jan 2025)

    About

    At 67 years old , his career in the logistics real estate sector has been marked by a rapid ascent and sustained leadership. With a solid academic foundation—holding degrees in engineering from MIT and an MBA from Stanford—he established himself early on as a visionary leader.

    He began his journey at PLD in November 1997 as a director and quickly advanced, assuming the role of Chairman in January 2000 and later serving as the Chief Executive Officer from the end of December 2012. His progression through these key positions reflects his pivotal influence on the company’s strategic direction and growth.

    Beyond his roles at PLD, his contributions extend to building strategic initiatives such as the Strategic Capital business and the Prologis Essentials platform, which have positioned the company as the largest publicly traded industrial REIT globally. His leadership and innovative approach have not only redefined the company’s trajectory but also cemented his reputation as a trailblazer in the industry.

    $PLD Performance Under Hamid R. Moghadam

    Past Roles

    OrganizationRoleDate RangeDetails
    Prologis Co-CEO June 2011 - December 2012 Served as Co-CEO following the merger
    AMB Property Corporation Co-founder & CEO November 1997 - June 2011 Co-founded the company and served as CEO from IPO until the merger
    Stanford Management Company Former Chairman N/A Served as Chairman before transitioning to current roles
    Stanford University Former Trustee N/A Previously served as a trustee
    Urban Land Institute Former Executive Committee Member N/A Previously served on the Executive Committee

    External Roles

    OrganizationRoleDate RangeDetails
    Stanford Management Company Board Member N/A Current active board membership

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1 AnnualFixed base salary amount as set for 2023
    All Other Compensation$12,000 Per annumIncludes $12,000 contributed under the Prologis 401(k) Savings Plan

    Performance Compensation

    Data from  FY 2023

    Annual Cash Bonus Award

    MetricValueDetails
    Performance Metric127.50% Based on the corporate score from the annual bonus metrics
    Target Bonus$1,500,000 Target bonus value set for 2023
    Actual Bonus$1,912,500 Reflects achievement of 127.50% of the target
    SettlementEquity Award Bonus paid entirely in equity with a two-year holding period
    Grant DateJanuary 17, 2023 Date for equity award related to bonus
    Grant Date Fair Value$4,245,000 Fair value of the equity awards on grant date

    Long-Term Incentive (LTI) Equity Awards

    MetricValueDetails
    Grant DatesJanuary 17, 2023; August 18, 2023; May 3, 2023 Three separate grants issued in 2023
    Grant Details8,235 LTIP Units; 242,173 shares; 15,549 shares LTIP Units with a fair value of $999,894 , plus shares valued at $29,416,754 and $1,930,564 respectively
    Performance Metric3-year annualized TSR Measured against a weighted benchmark (50% Cohen & Steers REIT Index and 50% logistics REITs)
    Payout Scale100% to 150% of target Linear scale based on TSR performance, with maximum payout at 150% if TSR exceeds benchmark by >500 basis points
    Vesting Schedule4-year vesting Equity awards subject to a four-year vesting period
    Grant Date Stock Price$121.47 per share Based on the closing price on the grant date for LTIP Units

    Performance-Only Plan (POP) Awards

    MetricValueDetails
    Performance HurdleTSR > MSCI US REIT Index TSR + 100 bps Three-year compound annualized performance must exceed the benchmark by 100 basis points
    Allocation15% of pool Hamid R. Moghadam receives the highest allocation among NEOs for the 2023-2025 period
    Grant DateJanuary 1, 2023 Grant date for the POP awards
    Grant Date Fair Value$4,245,000 Fair value determined by Monte Carlo simulation
    Vesting Schedule20% after 3 years; 80% after a 7-year cliff 20% vests at the end of the performance period with an additional 3-year holding requirement for that portion
    Additional ConditionAbsolute TSR Condition Awards forfeited if the absolute TSR is negative after seven years
    Projected Pool Value$70.2 million Projected value of the compensation pool for the 2023-2025 period as of December 31, 2023