Hamid R. Moghadam is the CEO of Prologis, a giant in the real estate industry, specializing in logistics and industrial facilities. He has been at the helm since 2013 and has a unique approach to compensation: he earns a base...

Number of Employees

2.57K

Year

2023

Total Compensation

$42.98M

Salary

$1.00

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning CEO compensation with long-term stockholder value and operational performance.

Bonus

$1.91M

Board Justification

The annual bonus for 2023 was based on performance metrics, with a corporate score of 127.5% of target, resulting in a bonus of $1,912,500 paid in equity with a two-year holding period.

Other

$12.00K

Board Justification

Other compensation includes matching contributions under the Prologis 401(k) Savings Plan and charitable contributions matched by the company.

Restricted Stock

$41.06M(326.31K LTIP Units)

Board Justification

The total number of shares that vested in 2023, which includes LTIP Units and other stock awards that were granted in prior years and vested during the year.

Performance Metrics

Core FFO per share, Same Store NOI Growth, Data Quality, and ESG metrics.

SEC Filing

From March 29, 2024

Hamid R. Moghadam

CEO of Prologis

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Education

Holds an MBA from Harvard Business School.

Field of Expertise

Real Estate & Construction - Real Estate

Born

January 1, 1963 - 62 years ago

Is Founder?

No

Current Tenure

12 years 0 months (Jan 2013 - Present)

Previous Experience

Previously served as the Chief Executive Officer and Chairman of the Board at Prologis, Inc.