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Daniel Letter received $15.2M in total compensation as Chief Executive Officer of Prologis, Inc. in FY2025. The largest component was $12.5M in stock awards. That’s up 24% from FY2024. Source: SEC DEF 14A.
In fiscal year 2025, Daniel Letter, Chief Executive Officer of Prologis, Inc. (PLD), received total compensation of $15.2 million.
Daniel Letter's compensation breakdown includes: base salary of $795K, bonus of $1.9 million, stock awards valued at $12.5 million, and other compensation of $24K.
Compared to fiscal year 2024, Daniel Letter's total compensation decreased 39% from $24.9 million to $15.2 million.
Prologis, Inc.'s top 6 named executive officers received combined total compensation of $67.6 million in fiscal year 2025.
The named executive officers disclosed in Prologis, Inc.'s 2025 proxy statement are:Hamid Moghadam (Executive Chairman) with total compensation of $25.0 million, Daniel Letter (Chief Executive Officer) with total compensation of $15.2 million, Timothy Arndt (Chief Financial Officer) with total compensation of $9.3 million, Carter Andrus (Chief Operating Officer) with total compensation of $6.7 million, Joseph Ghazal (Former Chief Investment Officer) with total compensation of $6.4 million, and Deborah Briones (Chief Legal Officer and) with total compensation of $5.0 million.
Source Filing
Executive Record
Daniel Letter
Chief Executive Officer
Reported Pay
$15.2MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $15.2M against +21% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +24%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for PLD.
Team view
6 executives
Executive Chairman
Total PayFY2025
$25.0M
Chief Executive Officer
Total PayFY2025
$15.2M
Chief Financial Officer
Total PayFY2025
$9.3M
Chief Operating Officer
Total PayFY2025
$6.7M
Former Chief Investment Officer
Total PayFY2025
$6.4M
Chief Legal Officer and
Total PayFY2025
$5.0M
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01FY2025 total compensation breakdown
$15.2M total compensation
Daniel Letter earned $15.2M in FY2025— here's how that breaks down.
$12.5M
82% of total
$1.9M
12% of total
$795.4K
5% of total
$24.3K
0% of total
Activity timeline · FY2025
Recent events from filings
Mar 19, 2026
Hamid Moghadam Equity award
Mar 19, 2026
Timothy Arndt Equity award
Mar 19, 2026
Daniel Letter Equity award
Mar 19, 2026
Carter Andrus Equity award
Mar 19, 2026
Deborah Briones Equity award
Mar 19, 2026
Joseph Ghazal Equity award
Mar 19, 2026
Daniel Letter grant (Equity)
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the large-cap median compensation benchmark for companies around $129.6B market cap, based on 333 peers in this size band.
03Recent insider trades by officers and directors
~32 trades
04Showing FY2025 data (latest available)
FY2026does not include director compensation in our current dataset, so we're showing the latest board table we found.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $0.80M | $1.87M | $12.5M | $0.00M | $0.02M | $15.2M | |
| 2024 | $0.70M | $0.77M | $10.8M | $0.00M | $0.02M | $12.3M | |
| 2023 | $0.69M | $0.99M | $11.1M | $0.00M | $0.02M | $12.8M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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Prologis, Inc. (PLD) — Key Facts
Last updated Jul 3, 2026 · DEF 14A filed Mar 19, 2026
| CEO | Daniel Letter, Chief Executive Officer |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $15.2M |
| Base salary | $795K |
| Stock awards | $12.5M |
| Other compensation | $24K |
| Year-over-year change | +24% |
| Source | DEF 14A, 2026-03-19 |
Daniel Letter, the Chief Executive Officer of Prologis, Inc., received total compensation of $15.2 million in fiscal year 2025. This includes base salary of $795,385 and stock awards valued at $12.5 million.
Daniel Letter's base salary at Prologis, Inc. is $795,385 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $15.2 million.
Prologis, Inc.'s CEO, Daniel Letter, earned $15.2 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($12.5 million) rather than base salary ($795,385).