Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-20

Prologis, Inc. (PLD)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$24,999,873
Hamid Moghadam total, FY2025
Executive Chairmanhighest-paid officer; CEO Daniel Letter: $15,190,625
35th
CEO (Daniel Letter) pay percentile vs peers
177:1
CEO-to-median pay ratio
58.28%
Say-on-pay support, latest vote
Companies that benchmark against PLD
15 companies name PLD as a compensation peer

Each company listed discloses PLD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PLD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Hamid Moghadam$1$1,617,500$23,369,872$0$0$12,500$24,999,873
Executive Chairman
Daniel Letter795,3851,870,00012,500,9900024,25015,190,625
Chief Executive Officer
Timothy Arndt697,6921,347,5007,227,2440028,0009,300,436
Chief Financial Officer
Carter Andrus600,0001,031,2505,045,7750024,2506,701,275
Chief Operating Officer
Joseph Ghazal600,000750,0005,045,7750032,4766,428,251
Former Chief Investment Officer
Deborah Briones495,385756,2503,674,8580028,0004,954,493
Chief Legal Officer, General Counsel and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Hamid Moghadam$24,999,873$24,851,777$50,891,597+148,096
Daniel Letter15,190,62512,296,34912,776,186+2,894,276
Timothy Arndt9,300,43610,329,41110,678,300−1,028,975
Carter Andrus6,701,2755,665,403+1,035,872
Joseph Ghazal6,428,2516,011,532+416,719
Deborah Briones4,954,493

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Hamid MoghadamDirector2026-03-26A1,019,089$0$0CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26A128,98601,290Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26D128,98601,290Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26A852,81708,528Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26D852,81708,528Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26D1,019,08900CommonForm 4 ↗
Dividend-equivalent accruals2026-03-311,3899 insiders, 13 accrual rows
George L. FotiadesDirector2026-03-31A368.73Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-03-31A234.64Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-03-31A123.88Derivative, Class A CommonForm 4 ↗
Daniel LetterDirector2026-03-31D16,0000160Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-03-31A188.07Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-04-2821,4989 insiders, 12 accrual rows
Irving F. Lyons IIIDirector2026-04-28D43,830.3100Derivative, Class A CommonForm 4 ↗
Avid ModjtabaiDirector2026-04-28A1,695Derivative, Class A CommonForm 4 ↗
Olivier PianiDirector2026-04-28A1,98400CommonForm 4 ↗
Lydia H. KennardDirector2026-04-28A1,98400CommonForm 4 ↗
Irving F. Lyons IIIDirector2026-04-28A43,8251426,202,552CommonForm 4 ↗
Avid ModjtabaiDirector2026-04-28A1,98400CommonForm 4 ↗
Olivier PianiDirector2026-04-28D59514284,210CommonForm 4 ↗
James B. ConnorDirector2026-04-28A1,98400CommonForm 4 ↗
Daniel LetterDirector2026-05-29D50,0000500Derivative, Class A CommonForm 4 ↗
Timothy ArndtChief Financial Officer2026-06-15D3,597150539,550CommonForm 4 ↗
George L. FotiadesDirector2026-06-30A362.86Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-06-301,0718 insiders, 12 accrual rows
George L. FotiadesDirector2026-06-30A230.8Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-06-30A184.99Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-06-30A121.85Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-07-14694~71 insider, 1 accrual row
Timothy ArndtChief Financial Officer2026-07-14A10,7790108Derivative, Class A CommonForm 4 ↗
Damon AustinChief Development Officer2026-07-14A10,7080107Derivative, Class A CommonForm 4 ↗
Deborah BrionesChief Legal Officer/GC2026-07-14A6,498065Derivative, Class A CommonForm 4 ↗
Daniel LetterDirector2026-07-14A21,6710217Derivative, Class A CommonForm 4 ↗
Carter AndrusChief Operating Officer2026-07-14A10,1190101Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-07-16D50,0001507,495,500CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 69 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Hamid MoghadamDirector2026-03-26A1,019,089$0$0CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26A128,98601,290Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26D128,98601,290Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26A852,81708,528Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26D852,81708,528Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-03-26D1,019,08900CommonForm 4 ↗
James B. ConnorDirector2026-03-31A52.7300Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-03-31A368.73Derivative, Class A CommonForm 4 ↗
Irving F. Lyons IIIDirector2026-03-31A265.2900Derivative, Class A CommonForm 4 ↗
Olivier PianiDirector2026-03-31A52.7300Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-03-31A234.64Derivative, Class A CommonForm 4 ↗
Avid ModjtabaiDirector2026-03-31A52.7300Derivative, Class A CommonForm 4 ↗
Cristina G. BitaDirector2026-03-31A40.5800Derivative, Class A CommonForm 4 ↗
Cristina G. BitaDirector2026-03-31A66.1700Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-03-31A123.88Derivative, Class A CommonForm 4 ↗
Lydia H. KennardDirector2026-03-31A52.7300Derivative, Class A CommonForm 4 ↗
Guy A. MetcalfeDirector2026-03-31A22600Derivative, Class A CommonForm 4 ↗
David P. OconnorDirector2026-03-31A211.3100Derivative, Class A CommonForm 4 ↗
Guy A. MetcalfeDirector2026-03-31A36.7900Derivative, Class A CommonForm 4 ↗
Irving F. Lyons IIIDirector2026-03-31A86.6700Derivative, Class A CommonForm 4 ↗
Daniel LetterDirector2026-03-31D16,0000160Derivative, Class A CommonForm 4 ↗
Cristina G. BitaDirector2026-03-31A22600Derivative, Class A CommonForm 4 ↗
Sarah A. SlusserDirector2026-03-31A18.9100Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-03-31A188.07Derivative, Class A CommonForm 4 ↗
Olivier PianiDirector2026-04-28D1,984.5500Derivative, Class A CommonForm 4 ↗
Lydia H. KennardDirector2026-04-28D1,984.5500Derivative, Class A CommonForm 4 ↗
Sarah A. SlusserDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
Irving F. Lyons IIIDirector2026-04-28D43,830.3100Derivative, Class A CommonForm 4 ↗
Avid ModjtabaiDirector2026-04-28D1,984.5500Derivative, Class A CommonForm 4 ↗
Avid ModjtabaiDirector2026-04-28A1,695Derivative, Class A CommonForm 4 ↗
David P. OconnorDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
James B. ConnorDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
James B. ConnorDirector2026-04-28D1,984.5500Derivative, Class A CommonForm 4 ↗
Olivier PianiDirector2026-04-28A1,98400CommonForm 4 ↗
Olivier PianiDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
Lydia H. KennardDirector2026-04-28A1,98400CommonForm 4 ↗
Guy A. MetcalfeDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
Irving F. Lyons IIIDirector2026-04-28A43,8251426,202,552CommonForm 4 ↗
Avid ModjtabaiDirector2026-04-28A1,98400CommonForm 4 ↗
Olivier PianiDirector2026-04-28D59514284,210CommonForm 4 ↗
Lydia H. KennardDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
Cristina G. BitaDirector2026-04-28A1,69500Derivative, Class A CommonForm 4 ↗
James B. ConnorDirector2026-04-28A1,98400CommonForm 4 ↗
Daniel LetterDirector2026-05-29D50,0000500Derivative, Class A CommonForm 4 ↗
Timothy ArndtChief Financial Officer2026-06-15D3,597150539,550CommonForm 4 ↗
George L. FotiadesDirector2026-06-30A362.86Derivative, Class A CommonForm 4 ↗
Guy A. MetcalfeDirector2026-06-30A49.5800Derivative, Class A CommonForm 4 ↗
David P. OconnorDirector2026-06-30A221.2400Derivative, Class A CommonForm 4 ↗
Cristina G. BitaDirector2026-06-30A22100Derivative, Class A CommonForm 4 ↗
Sarah A. SlusserDirector2026-06-30A31.9800Derivative, Class A CommonForm 4 ↗
Cristina G. BitaDirector2026-06-30A47.9700Derivative, Class A CommonForm 4 ↗
Cristina G. BitaDirector2026-06-30A78.4800Derivative, Class A CommonForm 4 ↗
James B. ConnorDirector2026-06-30A49.5800Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-06-30A230.8Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-06-30A184.99Derivative, Class A CommonForm 4 ↗
Olivier PianiDirector2026-06-30A49.5800Derivative, Class A CommonForm 4 ↗
Guy A. MetcalfeDirector2026-06-30A1.7900Derivative, Class A CommonForm 4 ↗
Guy A. MetcalfeDirector2026-06-30A22100Derivative, Class A CommonForm 4 ↗
Avid ModjtabaiDirector2026-06-30A49.5800Derivative, Class A CommonForm 4 ↗
George L. FotiadesDirector2026-06-30A121.85Derivative, Class A CommonForm 4 ↗
Lydia H. KennardDirector2026-06-30A49.5800Derivative, Class A CommonForm 4 ↗
Trisha BurnsChief Accounting Officer2026-07-14A69407Derivative, Class A CommonForm 4 ↗
Timothy ArndtChief Financial Officer2026-07-14A10,7790108Derivative, Class A CommonForm 4 ↗
Damon AustinChief Development Officer2026-07-14A10,7080107Derivative, Class A CommonForm 4 ↗
Deborah BrionesChief Legal Officer/GC2026-07-14A6,498065Derivative, Class A CommonForm 4 ↗
Daniel LetterDirector2026-07-14A21,6710217Derivative, Class A CommonForm 4 ↗
Carter AndrusChief Operating Officer2026-07-14A10,1190101Derivative, Class A CommonForm 4 ↗
Hamid MoghadamDirector2026-07-16D50,0001507,495,500CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Joseph GhazalRSU2025-01-206,934$759,134
Timothy ArndtPSU2025-01-0244,5514,255,957
Daniel LetterPSU2025-01-0290,7778,671,927
Deborah BrionesRSU2025-01-206,850749,938
Joseph GhazalPSU2025-01-0231,7883,036,708
Joseph GhazalRSU2025-01-2011,4171,249,933
Hamid MoghadamPSU2025-01-02225,32121,524,915
Carter AndrusRSU2025-01-206,934759,134
Deborah BrionesRSU2025-01-209,134999,990
Daniel LetterRSU2025-01-2022,8352,499,976
Carter AndrusPSU2025-01-0231,7883,036,708
Hamid MoghadamRSU2025-01-207,718844,967
Timothy ArndtRSU2025-01-2018,2681,999,981
Hamid MoghadamRSU2025-01-209,134999,990
Deborah BrionesPSU2025-01-0220,1501,924,930
Daniel LetterRSU2025-01-2012,1401,329,087
Carter AndrusRSU2025-01-2011,4171,249,933
Timothy ArndtRSU2025-01-208,872971,306
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Joseph Ghazal$2,009,067$3,036,708$060.2%
Timothy Arndt2,971,2874,255,957058.9%
Daniel Letter3,829,0638,671,927069.4%
Deborah Briones1,749,9281,924,930052.4%
Hamid Moghadam1,844,95721,524,915092.1%
Carter Andrus2,009,0673,036,708060.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Timothy ArndtRSU23,803$3,038,691
Timothy ArndtRSU4,416563,747
Timothy ArndtRSU4,263544,215
Deborah BrionesRSU4,618589,534
Daniel LetterRSU5,151657,577
Joseph GhazalRSU4,458569,108
Timothy ArndtRSU2,064263,490
Hamid MoghadamRSU121,08615,457,839
Hamid MoghadamRSU90,02111,492,081
Daniel LetterRSU5,768736,343
Daniel LetterRSU1,813231,448
Hamid MoghadamRSU106,44913,589,279
Carter AndrusPSU31,7885,611,218
Carter AndrusRSU1,471187,788
Carter AndrusRSU7,651976,727
Joseph GhazalRSU18,3512,342,689
Joseph GhazalRSU9,1811,172,046
Daniel LetterPSU90,77716,023,956
Daniel LetterRSU10,9121,393,026
Joseph GhazalRSU9,7841,249,025
Joseph GhazalPSU22,5582,480,027
Daniel LetterRSU2,199280,724
Daniel LetterRSU12,3161,572,261
Hamid MoghadamRSU164,71021,026,879
Hamid MoghadamRSU120,40815,371,285
Hamid MoghadamPSU72,0547,921,617
Timothy ArndtPSU44,5517,864,143
Timothy ArndtRSU27,1403,464,692
Deborah BrionesRSU15,9842,040,517
Daniel LetterRSU11,7941,505,622
Hamid MoghadamRSU7,774992,429
Timothy ArndtRSU7,064901,790
Hamid MoghadamRSU5,162658,981
Deborah BrionesRSU4,387560,044
Carter AndrusRSU4,117525,576
Carter AndrusRSU3,586457,789
Joseph GhazalRSU3,248414,640
Deborah BrionesRSU2,758352,086
Timothy ArndtRSU1,554198,384
Carter AndrusRSU977124,724
Daniel LetterRSU62279,405
Carter AndrusRSU41252,596
Daniel LetterRSU9,1811,172,046
Carter AndrusRSU1,424181,788
Deborah BrionesRSU2,018257,618
Daniel LetterRSU2,409307,533
Deborah BrionesRSU50464,341
Deborah BrionesRSU41552,979
Deborah BrionesPSU20,1503,556,878
Daniel LetterRSU34,9754,464,909
Joseph GhazalRSU1,376175,660
Hamid MoghadamRSU63,6618,126,963
Hamid MoghadamRSU55,0757,030,875
Daniel LetterPSU39,4924,341,750
Deborah BrionesRSU912116,426
Joseph GhazalPSU31,7885,611,218
Carter AndrusPSU22,5582,480,027
Carter AndrusRSU18,3512,342,689
Daniel LetterRSU6,201791,620
Joseph GhazalRSU8,2561,053,961
Hamid MoghadamRSU21,7932,782,094
Carter AndrusRSU6,773864,641
Timothy ArndtRSU7,651976,727
Joseph GhazalRSU7,389943,280
Deborah BrionesRSU57773,660
Carter AndrusRSU50464,341
Joseph GhazalRSU50464,341
Deborah BrionesRSU4,324552,002
Carter AndrusRSU4,764608,172
Deborah BrionesRSU2,854364,342
Deborah BrionesRSU27635,234
Joseph GhazalRSU5,016640,343
Carter AndrusRSU1,376175,660
Carter AndrusRSU8,8741,132,855
Timothy ArndtRSU6,683853,152
Deborah BrionesPSU15,429
Timothy ArndtRSU24,3783,112,095
Joseph GhazalRSU63881,447
Deborah BrionesRSU4,208537,193
Deborah BrionesRSU1,379176,043
05

Incentive-plan design — the Compensation Discussion & Analysis

Paying for performance is foundational to our compensation philosophy, and 2025 payouts reflect strong company performance.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-28480,405,454343,890,6971,858,19358.28%Passed
20252025-05-08743,090,61071,825,3511,134,54991.19%Passed
20242024-05-09740,135,46168,868,0391,687,22191.49%Passed
20232023-05-04219,688,187580,637,5891,903,02127.45%Failed
20212021-04-29321,415,709294,623,57228,114,11549.9%Failed
20202020-04-29548,380,796102,532,290441,22284.19%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2858.28%a
20252025-05-0891.19%b
20242024-05-0991.49%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect on the outcome of the vote on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect on the outcome of the vote on this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect on the outcome of the vote on this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)177 : 1
CEO total compensation$24,999,873
Median employee compensation$141,121
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Irving F. Lyons IIIIndependent · Lead Independent Director · Executive · Not standing for re-election$170,000$239,990$0$0$12,500$422,490
George L. FotiadesIndependent · Talent and Compensation (Chair)150,000239,9900012,500402,490
Lydia H. KennardIndependent · Board Governance and Nomination (Chair)145,000239,9900012,500397,490
Avid ModjtabaiIndependent · Audit (Chair)144,231239,99000384,221
Guy A. MetcalfeIndependent · Board Governance and Nomination120,000239,9900012,500372,490
Cristina G. BitaIndependent · Audit120,000239,9900012,500372,490
David P. O'ConnorIndependent · Audit · Talent and Compensation · Partial-year service120,000239,9900012,500372,490
James B. ConnorIndependent · Executive (Chair)120,000239,9900012,500372,490
Olivier PianiIndependent · Audit · Talent and Compensation120,000239,99000359,990
Sarah A. SlusserIndependent · Board Governance and Nomination · Partial-year service · Newly elected77,538239,9900012,500330,028
Carl WebbIndependent · Departed during FY · Partial-year service55,7310055,731
Hamid R. MoghadamEmployee director · Board Chair · Executive00000
Daniel S. LetterEmployee director · Executive · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$240,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)37,500 / 30,000 / 25,000
Stock ownership guideline5x annual cash retainer ($600,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,342,500
Equity awards (grant-date value)$2,399,900
All other compensation$100,000
Total cost of the board$3,842,400

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Prologis, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Prologis, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Welltower Inc.2025Shankh Mitra$1,300,000$813,178,818$0$6,500,000$821,090,355
2ServiceNow, Inc.2025William McDermott1,516,66743,481,65103,522,37551,550,957
3Adobe Inc.2025Shantanu Narayen1,500,00045,376,11003,120,00051,173,935
4BlackRock, Inc.2025Laurence Fink1,500,00024,600,1840037,749,569
5Intuit Inc.2025Sasan Goodarzi1,300,00024,285,3848,650,1682,600,00036,845,552
6Jefferies Financial Group Inc.2025Richard Handler1,000,00017,206,2430028,447,020
7Workday, Inc.2026Carl Eschenbach1,037,80822,982,99301,556,71226,031,706
8Equinix, Inc.2025Adaire Fox-Martin1,000,00021,416,9514322,654,885
9Digital Realty Trust, Inc.2025Andrew Power978,84614,174,68403,700,00021,071,498
10Global Payments Inc.2025Cameron Bready1,050,00012,129,9644,002,0222,903,55320,307,392
11State Street Corporation2025Ronald O'Hanley1,200,00012,764,92405,399,37519,529,070
12Automatic Data Processing, Inc.2025Maria Black1,224,00014,791,04002,621,80019,137,192
13Evercore Inc.2025John S. Weinberg500,0005,888,5390017,138,539
14Prologis, Inc.2025Daniel Letter795,38512,500,990015,190,625
15American Tower Corporation2025Steven Vondran1,000,00011,528,74802,280,00014,854,505
16Crown Castle Inc.2025Christian Hillabrant269,23112,147,0360823,52214,154,801
17Lazard Ltd.2025Peter Orszag900,0008,666,5480013,723,452
18S&P Global Inc.2025Martina Cheung1,000,0008,978,04102,445,30012,831,062
19Northern Trust Corporation2025Michael O'Grady1,000,0006,150,11102,730,00010,059,154
20Paychex, Inc.2025John Gibson900,0005,183,3931,749,999957,3758,807,411
21The Carlyle Group Inc.2025Harvey Schwartz1,000,0006,000,0007,149,859

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Prologis, Inc.137.5%PSU 100NoPay Governance
Adobe Inc.104%PSU 70 · RSU 30YesCompensia, Inc.
American Tower Corporation114%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners, LLC
Automatic Data Processing, Inc.107.1%PSU 75 · RSU 25NoFW Cook
BlackRock, Inc.not disclosedPSU 74 · RSU 26NoSemler Brossy
Crown Castle Inc.139.16%PRSU 60 · RSU 40NoFW Cook
Digital Realty Trust, Inc.378%PSU 60 · LTIP Units 40NoSemler Brossy
Equinix, Inc.99%PSU 67 · RSU 33Yes — rTSRCompensia
Evercore Inc.not disclosedRSU 50not disclosednot disclosed
Global Payments Inc.not disclosedPSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Intuit Inc.not disclosedPSU 50 · RSU 25 · Options 25Yes — Relative TSR (60th percentile target)Frederic W. Cook & Co. (FW Cook)
Jefferies Financial Group Inc.not disclosednot disclosedNoPearl Meyer
Lazard Ltd.not disclosedMSU 50 · PIPR 50Yes — 3-year relative TSR vs. S&P 1500Compensation Advisory Partners (CAP)
Northern Trust Corporationnot disclosednot disclosednot disclosednot disclosed
Paychex, Inc.86.4%PRSU 60Yes — Relative total shareholder return (rTSR)Frederic W. Cook & Co., Inc. (FW Cook)
S&P Global Inc.108.68%PSU 70 · RSU 30NoPay Governance
ServiceNow, Inc.not disclosedPSU 60 · RSU 40Yes — rTSR vs. S&P 500Pay Governance, LLC
State Street Corporation132.5%PRSU 62 · DSA 38NoMeridian Compensation Partners
The Carlyle Group Inc.200%not disclosedNoPay Governance
Welltower Inc.200%not disclosedYes — TSR vs FTSE NAREIT Equity Health Care IndexFPC
Workday, Inc.101.8%RSU 75 · PSU 25NoSemler Brossy

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Prologis, Inc. in fiscal 2025?
As disclosed, the highest-paid executive at Prologis, Inc. in fiscal 2025 was Hamid Moghadam, Executive Chairman, with total compensation of $24,999,873.
How does Prologis, Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows that Prologis, Inc.'s chief executive pay is at the 35th percentile of its disclosed peer group.
What is Prologis, Inc.'s CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 177:1.
How did shareholders vote on Prologis, Inc.'s executive compensation?
The filing shows that shareholders supported Prologis, Inc.'s executive compensation plan with 58.28% of votes cast.
How much does Prologis, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, total board compensation for fiscal 2025 was $3,842,400.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Hamid MoghadamDEF 14A2026-03-190001193125-26-115132Section “Summary Compensation Table for Fiscal Year 2025*”. As printed: 24,999,873. Filing ↗machine: span 887818–887828
2Section 01, Daniel LetterDEF 14A2026-03-190001193125-26-115132Section “Summary Compensation Table for Fiscal Year 2025*”. As printed: 15,190,625. Filing ↗machine: span 926776–926786
3Section 01, Timothy ArndtDEF 14A2026-03-190001193125-26-115132Section “Summary Compensation Table for Fiscal Year 2025*”. As printed: 9,300,436. Filing ↗machine: span 907359–907368
4Section 01, Carter AndrusDEF 14A2026-03-190001193125-26-115132Section “Summary Compensation Table for Fiscal Year 2025*”. As printed: 6,701,275. Filing ↗machine: span 946316–946325
5Section 01, Joseph GhazalDEF 14A2026-03-190001193125-26-115132Section “Summary Compensation Table for Fiscal Year 2025*”. As printed: 6,428,251. Filing ↗machine: span 985168–985177
6Section 01, Deborah BrionesDEF 14A2026-03-190001193125-26-115132Section “Summary Compensation Table for Fiscal Year 2025*”. As printed: 4,954,493. Filing ↗machine: span 965703–965712
7Section 03, Joseph Ghazal RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r41 · c19 · span 1247880–1247885
8Section 03, Timothy Arndt PSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r13 · c19 · span 1194385–1194391
9Section 03, Daniel Letter PSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r19 · c19 · span 1205858–1205864
10Section 03, Deborah Briones RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r33 · c19 · span 1232582–1232587
11Section 03, Joseph Ghazal PSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r37 · c19 · span 1240309–1240315
12Section 03, Joseph Ghazal RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r39 · c19 · span 1244072–1244078
13Section 03, Hamid Moghadam PSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r7 · c19 · span 1182900–1182907
14Section 03, Carter Andrus RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r29 · c19 · span 1224897–1224902
15Section 03, Deborah Briones RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r35 · c19 · span 1236401–1236406
16Section 03, Daniel Letter RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r21 · c19 · span 1209621–1209627
17Section 03, Carter Andrus PSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r25 · c19 · span 1217326–1217332
18Section 03, Hamid Moghadam RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r9 · c19 · span 1186658–1186663
19Section 03, Timothy Arndt RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r15 · c19 · span 1198148–1198154
20Section 03, Hamid Moghadam RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r11 · c19 · span 1190477–1190482
21Section 03, Deborah Briones PSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r31 · c19 · span 1228819–1228825
22Section 03, Daniel Letter RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r23 · c19 · span 1213429–1213435
23Section 03, Carter Andrus RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r27 · c19 · span 1221089–1221095
24Section 03, Timothy Arndt RSUDEF 14A2026-03-190001193125-26-115132Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t435 · r17 · c19 · span 1201956–1201961
25Section 07, pay ratioDEF 14A2026-03-19000119312526115132Section “CEO Pay Ratio”. As printed: 177 : 1. Filing ↗machine: span 1884706–1884714
26Section 08, Irving F. Lyons IIIDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 422,490. Filing ↗machine: t664 · r12 · c15 · span 2080444–2080451
27Section 08, George L. FotiadesDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 402,490. Filing ↗machine: t664 · r8 · c15 · span 2074823–2074830
28Section 08, Lydia H. KennardDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 397,490. Filing ↗machine: t664 · r10 · c15 · span 2077632–2077639
29Section 08, Avid ModjtabaiDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 384,221. Filing ↗machine: t664 · r16 · c15 · span 2086126–2086133
30Section 08, Guy A. MetcalfeDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 372,490. Filing ↗machine: t664 · r14 · c15 · span 2083252–2083259
31Section 08, Cristina G. BitaDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 372,490. Filing ↗machine: t664 · r4 · c15 · span 2069141–2069148
32Section 08, David P. O'ConnorDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 372,490. Filing ↗machine: t664 · r18 · c15 · span 2088942–2088949
33Section 08, James B. ConnorDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 372,490. Filing ↗machine: t664 · r6 · c15 · span 2071956–2071963
34Section 08, Olivier PianiDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 359,990. Filing ↗machine: t664 · r20 · c15 · span 2091815–2091822
35Section 08, Sarah A. SlusserDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 330,028. Filing ↗machine: t664 · r22 · c15 · span 2094630–2094637
36Section 08, Carl WebbDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 55,731. Filing ↗machine: t664 · r24 · c3 · span 2095797–2095803
37Section 08, Hamid R. MoghadamDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 0. Filing ↗
38Section 08, Daniel S. LetterDEF 14A2026-03-190001193125-26-115132Section “Director Compensation”. As printed: 0. Filing ↗
39Section 02, Hamid Moghadam 2026-03-26Form 42026-04-020001193125-26-140727Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Hamid Moghadam 2026-03-26Form 42026-04-020001193125-26-140727Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Hamid Moghadam 2026-03-26Form 42026-04-020001193125-26-140727Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Hamid Moghadam 2026-03-26Form 42026-04-020001193125-26-140727Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Hamid Moghadam 2026-03-26Form 42026-04-020001193125-26-140727Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Hamid Moghadam 2026-03-26Form 42026-04-020001193125-26-140727Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, James B. Connor 2026-03-31Form 42026-04-020001193125-26-140736Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, George L. Fotiades 2026-03-31Form 42026-04-020001193125-26-140740Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Irving F. Lyons III 2026-03-31Form 42026-04-020001193125-26-140745Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Olivier Piani 2026-03-31Form 42026-04-020001193125-26-140757Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, George L. Fotiades 2026-03-31Form 42026-04-020001193125-26-140740Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Avid Modjtabai 2026-03-31Form 42026-04-020001193125-26-140751Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Cristina G. Bita 2026-03-31Form 42026-04-020001193125-26-140731Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Cristina G. Bita 2026-03-31Form 42026-04-020001193125-26-140731Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, George L. Fotiades 2026-03-31Form 42026-04-020001193125-26-140740Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Lydia H. Kennard 2026-03-31Form 42026-04-020001193125-26-140743Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Guy A. Metcalfe 2026-03-31Form 42026-04-020001193125-26-140748Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, David P. Oconnor 2026-03-31Form 42026-04-020001193125-26-140753Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Guy A. Metcalfe 2026-03-31Form 42026-04-020001193125-26-140748Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Irving F. Lyons III 2026-03-31Form 42026-04-020001193125-26-140745Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Daniel Letter 2026-03-31Form 42026-04-020001193125-26-140717Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Cristina G. Bita 2026-03-31Form 42026-04-020001193125-26-140731Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Sarah A. Slusser 2026-03-31Form 42026-04-020001193125-26-140760Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, George L. Fotiades 2026-03-31Form 42026-04-020001193125-26-140740Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Olivier Piani 2026-04-28Form 42026-04-300001193125-26-198297Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Lydia H. Kennard 2026-04-28Form 42026-04-300001193125-26-198295Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Sarah A. Slusser 2026-04-28Form 42026-04-300001193125-26-198306Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, George L. Fotiades 2026-04-28Form 42026-04-300001193125-26-198302Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Irving F. Lyons III 2026-04-28Form 42026-04-300001193125-26-198303Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Avid Modjtabai 2026-04-28Form 42026-04-300001193125-26-198300Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Avid Modjtabai 2026-04-28Form 42026-04-300001193125-26-198300Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, David P. Oconnor 2026-04-28Form 42026-04-300001193125-26-198299Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, James B. Connor 2026-04-28Form 42026-04-300001193125-26-198298Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, James B. Connor 2026-04-28Form 42026-04-300001193125-26-198298Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Olivier Piani 2026-04-28Form 42026-04-300001193125-26-198297Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Olivier Piani 2026-04-28Form 42026-04-300001193125-26-198297Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Lydia H. Kennard 2026-04-28Form 42026-04-300001193125-26-198295Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Guy A. Metcalfe 2026-04-28Form 42026-04-300001193125-26-198293Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Irving F. Lyons III 2026-04-28Form 42026-04-300001193125-26-198303Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Avid Modjtabai 2026-04-28Form 42026-04-300001193125-26-198300Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Olivier Piani 2026-04-28Form 42026-04-300001193125-26-198297Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Lydia H. Kennard 2026-04-28Form 42026-04-300001193125-26-198295Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Cristina G. Bita 2026-04-28Form 42026-04-300001193125-26-198301Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, James B. Connor 2026-04-28Form 42026-04-300001193125-26-198298Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Daniel Letter 2026-05-29Form 42026-05-290001193125-26-248945Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Timothy Arndt 2026-06-15Form 42026-06-170001193125-26-274470Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, George L. Fotiades 2026-06-30Form 42026-07-020001193125-26-294870Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Guy A. Metcalfe 2026-06-30Form 42026-07-020001193125-26-294878Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, David P. Oconnor 2026-06-30Form 42026-07-020001193125-26-294876Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Cristina G. Bita 2026-06-30Form 42026-07-020001193125-26-294858Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Sarah A. Slusser 2026-06-30Form 42026-07-020001193125-26-294881Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Cristina G. Bita 2026-06-30Form 42026-07-020001193125-26-294858Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Cristina G. Bita 2026-06-30Form 42026-07-020001193125-26-294858Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, James B. Connor 2026-06-30Form 42026-07-020001193125-26-294867Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, George L. Fotiades 2026-06-30Form 42026-07-020001193125-26-294870Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, George L. Fotiades 2026-06-30Form 42026-07-020001193125-26-294870Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Olivier Piani 2026-06-30Form 42026-07-020001193125-26-294857Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Guy A. Metcalfe 2026-06-30Form 42026-07-020001193125-26-294878Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Guy A. Metcalfe 2026-06-30Form 42026-07-020001193125-26-294878Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Avid Modjtabai 2026-06-30Form 42026-07-020001193125-26-294874Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, George L. Fotiades 2026-06-30Form 42026-07-020001193125-26-294870Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Lydia H. Kennard 2026-06-30Form 42026-07-020001193125-26-294853Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Trisha Burns 2026-07-14Form 42026-07-160001193125-26-306400Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Timothy Arndt 2026-07-14Form 42026-07-160001193125-26-306399Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Damon Austin 2026-07-14Form 42026-07-160001193125-26-306401Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Deborah Briones 2026-07-14Form 42026-07-160001193125-26-306402Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Daniel Letter 2026-07-14Form 42026-07-160001193125-26-306403Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, Carter Andrus 2026-07-14Form 42026-07-160001193125-26-306404Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Hamid Moghadam 2026-07-16Form 42026-07-200001193125-26-309058Insider equity transaction reported since the proxy statement. Filing ↗
108Section 06, 2026 voteForm 8-K2026-04-300001193125-26-197916Item 5.07 · say-on-pay result. As reported: 58.28% (votes for as printed: 480,405,454). Filing ↗
109Section 06, 2025 voteForm 8-K2025-05-130001193125-25-118803Item 5.07 · say-on-pay result. As reported: 91.19% (votes for as printed: 743,090,610). Filing ↗
110Section 06, 2024 voteForm 8-K2024-05-140001193125-24-138191Item 5.07 · say-on-pay result. As reported: 91.49% (votes for as printed: 740,135,461). Filing ↗
111Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
112Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
113Section 09b board cost (computed)ComputedcomputedCash 1,342,500 + equity 2,399,900 + all other 100,000 = 3,842,400, summed across the director compensation table rows.machine: formula: Σ = 3,842,400
114Welltower Inc., Section 10b CEO totalDEF 14A2026-04-100000766704-26-000014CEO total compensation as printed in Welltower Inc.'s own proxy. As printed: 821,090,355. Filing ↗machine: t141 · r3 · c12 · span 1124520–1124531
115ServiceNow, Inc., Section 10b CEO totalDEF 14A2026-04-060001373715-26-000039CEO total compensation as printed in ServiceNow, Inc.'s own proxy. As printed: 51,550,957. Filing ↗machine: r2 · c8 · span 2636904–2636914
116Adobe Inc., Section 10b CEO totalDEF 14A2026-02-270000796343-26-000043CEO total compensation as printed in Adobe Inc.'s own proxy. As printed: 51,173,935. Filing ↗machine: r3 · c51 · span 923759–923769
117BlackRock, Inc., Section 10b CEO totalDEF 14A2026-04-100001308179-26-000262CEO total compensation as printed in BlackRock, Inc.'s own proxy. As printed: 37,749,569. Filing ↗machine: span 1984856–1984866
118Intuit Inc., Section 10b CEO totalDEF 14A2025-11-260000896878-25-000057CEO total compensation as printed in Intuit Inc.'s own proxy. As printed: 36,845,552. Filing ↗machine: span 1544523–1544533
119Jefferies Financial Group Inc., Section 10b CEO totalDEF 14A2026-02-230001140361-26-006361CEO total compensation as printed in Jefferies Financial Group Inc.'s own proxy. As printed: 28,447,020. Filing ↗machine: r2 · c25 · span 1220527–1220537
120Workday, Inc., Section 10b CEO totalDEF 14A2026-05-050001104659-26-055687CEO total compensation as printed in Workday, Inc.'s own proxy. As printed: 26,031,706. Filing ↗machine: r4 · c42 · span 1684714–1684724
121Equinix, Inc., Section 10b CEO totalDEF 14A2026-04-020001101239-26-000073CEO total compensation as printed in Equinix, Inc.'s own proxy. As printed: 22,654,885. Filing ↗machine: span 1101160–1101170
122Digital Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-170001308179-26-000296CEO total compensation as printed in Digital Realty Trust, Inc.'s own proxy. As printed: 21,071,498. Filing ↗machine: r2 · c14 · span 644147–644157
123Global Payments Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029453CEO total compensation as printed in Global Payments Inc.'s own proxy. As printed: 20,307,392. Filing ↗
124State Street Corporation, Section 10b CEO totalDEF 14A2026-04-080001140361-26-013817CEO total compensation as printed in State Street Corporation's own proxy. As printed: 19,529,070. Filing ↗machine: t240 · r2 · c25 · span 1621758–1621768
125Automatic Data Processing, Inc., Section 10b CEO totalDEF 14A2025-09-250001308179-25-000607CEO total compensation as printed in Automatic Data Processing, Inc.'s own proxy. As printed: 19,137,192. Filing ↗machine: r2 · c18 · span 1170576–1170587
126Evercore Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191911CEO total compensation as printed in Evercore Inc.'s own proxy. As printed: 17,138,539. Filing ↗machine: t182 · r9 · c23 · span 595538–595548
127Prologis, Inc. (subject), Section 10b CEO totalDEF 14A2026-03-190001193125-26-115132CEO total compensation as printed in Prologis, Inc.'s own proxy. As printed: 15,190,625. Filing ↗machine: span 926776–926786
128American Tower Corporation, Section 10b CEO totalDEF 14A2026-04-080001053507-26-000088CEO total compensation as printed in American Tower Corporation's own proxy. As printed: 14,854,505. Filing ↗machine: span 1362503–1362513
129Crown Castle Inc., Section 10b CEO totalDEF 14A2026-04-060001051470-26-000039CEO total compensation as printed in Crown Castle Inc.'s own proxy. As printed: 14,154,801. Filing ↗machine: r3 · c42 · span 809142–809152
130Lazard Ltd., Section 10b CEO totalDEF 14A2026-04-070001628280-26-024088CEO total compensation as printed in Lazard Ltd.'s own proxy. As printed: 13,723,452. Filing ↗machine: r3 · c11 · span 3696981–3696991
131S&P Global Inc., Section 10b CEO totalDEF 14A2026-03-310001104659-26-037380CEO total compensation as printed in S&P Global Inc.'s own proxy. As printed: 12,831,062. Filing ↗machine: span 1311049–1311059
132Northern Trust Corporation, Section 10b CEO totalDEF 14A2026-03-110000073124-26-000022CEO total compensation as printed in Northern Trust Corporation's own proxy. As printed: 10,059,154. Filing ↗machine: r3 · c36 · span 1256395–1256406
133Paychex, Inc., Section 10b CEO totalDEF 14A2025-08-290001193125-25-191789CEO total compensation as printed in Paychex, Inc.'s own proxy. As printed: 8,807,411. Filing ↗machine: t241 · r4 · c34 · span 921660–921669
134The Carlyle Group Inc., Section 10b CEO totalDEF 14A2026-04-230001527166-26-000017CEO total compensation as printed in The Carlyle Group Inc.'s own proxy. As printed: 7,149,859. Filing ↗machine: span 1925524–1925533
135Section 10a, Global Payments Inc. reciprocityDEF 14A0001104659-25-023451Global Payments Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
136Section 10a, American Tower Corporation reciprocityDEF 14A0001053507-26-000088American Tower Corporation names Prologis, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
137Section 10a, Workday, Inc. reciprocityDEF 14A0001104659-26-055687Workday, Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
138Section 10a, Automatic Data Processing, Inc. reciprocityDEF 14A0001308179-25-000607Automatic Data Processing, Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
139Section 10a, Digital Realty Trust, Inc. reciprocityDEF 14A0001308179-26-000296Digital Realty Trust, Inc. names Prologis, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
140Section 10a, S&P Global Inc. reciprocityDEF 14A0001104659-26-037380S&P Global Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
141Section 10a, Evercore Inc. reciprocityDEF 14A0001193125-26-191911Evercore Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
142Section 10a, Northern Trust Corporation reciprocityDEF 14A0000073124-26-000022Northern Trust Corporation's most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
143Section 10a, BlackRock, Inc. reciprocityDEF 14A0001308179-26-000262BlackRock, Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
144Section 10a, The Carlyle Group Inc. reciprocityDEF 14A0001527166-26-000017The Carlyle Group Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
145Section 10a, Jefferies Financial Group Inc. reciprocityDEF 14A0001140361-26-006361Jefferies Financial Group Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
146Section 10a, Equinix, Inc. reciprocityDEF 14A0001101239-26-000073Equinix, Inc. names Prologis, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
147Section 10a, Intuit Inc. reciprocityDEF 14A0000896878-25-000057Intuit Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
148Section 10a, Paychex, Inc. reciprocityDEF 14A0001193125-25-191789Paychex, Inc.'s most recent proxy was read; its disclosed peer group does not include Prologis, Inc.. Filing ↗
149Section 10a, Welltower Inc. reciprocityDEF 14A0000766704-26-000014Welltower Inc. names Prologis, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗