ProLogis Inc. has announced updates to its executive compensation arrangements. The company's Compensation Committee approved a new form of Performance Stock Unit Agreement, which allows for the accrual of dividend equivalents on Target Performance Stock Units during the performance period. These dividend equivalents will be paid in cash after the performance period, but only if the underlying Target PSUs are earned based on performance criteria. Additionally, the committee approved an amendment stating that equity-based awards granted to Daniel S. Letter, Timothy D. Arndt, and Carter H. Andrus on or after January 1, 2026, will no longer be subject to the terms of their previous retirement eligibility waiver agreements.
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