Hamid R. Moghadam

Chairman of the Board & CEO at Prologis

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

CHA

Carter H. Andrus

Chief Operating Officer (COO)

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

Organization	Role	Date Range	Details
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

Organization	Role	Date Range	Details
Stanford Management Company	Board Member	N/A	Current active board membership

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1	Annual	Fixed base salary amount as set for 2023
All Other Compensation	$12,000	Per annum	Includes $12,000 contributed under the Prologis 401(k) Savings Plan

Performance Compensation

Data from FY 2023

Annual Cash Bonus Award

Metric	Value	Details
Performance Metric	127.50%	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
Settlement	Equity Award	Bonus paid entirely in equity with a two-year holding period
Grant Date	January 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

Metric	Value	Details
Grant Dates	January 17, 2023; August 18, 2023; May 3, 2023	Three separate grants issued in 2023
Grant Details	8,235 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 Metric	3-year annualized TSR	Measured against a weighted benchmark (50% Cohen & Steers REIT Index and 50% logistics REITs)
Payout Scale	100% to 150% of target	Linear scale based on TSR performance, with maximum payout at 150% if TSR exceeds benchmark by >500 basis points
Vesting Schedule	4-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

Metric	Value	Details
Performance Hurdle	TSR > MSCI US REIT Index TSR + 100 bps	Three-year compound annualized performance must exceed the benchmark by 100 basis points
Allocation	15% of pool	Hamid R. Moghadam receives the highest allocation among NEOs for the 2023-2025 period
Grant Date	January 1, 2023	Grant date for the POP awards
Grant Date Fair Value	$4,245,000	Fair value determined by Monte Carlo simulation
Vesting Schedule	20% 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 Condition	Absolute 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