Prologis management check
PLD · Real Estate · Industrial REITs · CEO Mr. Moghadam
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $147, against $138 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.93 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.7% of net income$25.0m of reported pay in fiscal 2025, against $3.6bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $8.0m sold in six months. 2 of 2 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.3% a year over the last three fiscal years. Stock-based pay was 2.1% of revenue in the latest year.
- Watch
Is leadership stable?
12 leadership filings in 3 yearsCEO in the pay table: Mr. Moghadam. 12 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Real Estate.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 59 | 45 | |
| Pay for performance | 97 | 86 | |
| CEO cost | 63 | 23 | |
| Skin in the game | — | — | 32 |
| Dilution | 47 | 23 | |
| Stable leadership | 65 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Nearest in rank in Real Estate, by management score. Prologis is 7th of 29 in its sector.
- 125VMRKVivmark Residential74
- 128CBRECBRE Group74
- 138REGRegency Centers73
- 155PLDPrologis72
- 167MAAMid-America Apartment Communities71
- 169IRMIron Mountain71
Pay versus performance
From the proxy statement filed March 19, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Moghadam | $25.0m | $80.6m | $8.5m | $147 | $138 | $3.6bn |
| 2024 | — | $24.9m | −$24.3m | $8.4m | $118 | $134 | $3.9bn |
| 2023 | — | $50.9m | $95.9m | $13.0m | $144 | $123 | $3.3bn |
| 2022 | — | $48.2m | −$8.2m | $13.9m | $118 | $108 | $3.6bn |
| 2021 | — | $24.9m | $113.7m | $9.0m | $172 | $143 | $3.1bn |
The board says pay is tied most to Core FFO per share excluding Net Promote Income (Expense). Its other key measures: Three-year annualized Total Shareholder Return, Promote and incentive fee revenue earned by Prologis, Inc. from Strategic Capital business.
Insiders and the CEO's stake
Light activity: no buys, $8.0m sold in six months. 2 of 2 sales ran on pre-arranged 10b5-1 plans.
- SoldHamid MoghadamDirector · 10b5-1 plan$7.5mJul 16, 2026
- SoldTimothy D ArndtChief Financial Officer · 10b5-1 plan$540kJun 15, 2026
Leadership and governance on file
- Jul 1, 2026Leadership change8-K 5.02
- Apr 1, 2026Leadership change8-K/A 5.02
- Jan 22, 2026Leadership change8-K/A 5.02
- Dec 5, 2025Leadership change8-K 5.02
- Nov 24, 2025Leadership change8-K 5.02
- Sep 18, 2025Leadership change8-K 5.02
- Jun 17, 2025Leadership change8-K 5.02
- Feb 19, 2025Leadership change8-K 5.02
- May 22, 2024Leadership change8-K 5.02
- Jan 17, 2024Leadership change8-K 5.02
- Jan 5, 2024Leadership change8-K/A 5.02
- Nov 15, 2023Leadership change8-K 5.02
Latest shareholder vote results: Apr 30, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $14.9bn returned to owners in buybacks and dividends, 91% of net income, and $973.2m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.8bn | $6.0bn | $8.0bn | $8.2bn | $8.8bn |
| Net income | $2.9bn | $3.4bn | $3.1bn | $3.7bn | $3.3bn |
| Stock-based pay | $113.0m | $175.4m | $267.6m | $231.7m | $185.5m |
| Buybacks | — | — | — | — | — |
| Dividends | $1.9bn | $2.5bn | $3.2bn | $3.6bn | $3.8bn |
| Diluted shares | 765m | 812m | 952m | 954m | 957m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.