Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

MARKET INFORMATION AND HOLDERS

Our common stock is listed on the NYSE under the symbol “PLD.”

Stock Performance Graph

The following line graph compares the change in Prologis, Inc. cumulative total stockholder’s return on shares of its common stock from December 31, 2015, to the cumulative total return of the S&P 500 Stock Index and the Financial Times and Stock Exchange NAREIT Equity REITs Index from December 31, 2015, to December 31, 2020. The graph assumes an initial investment of $100 in our common

stock and each of the indices on December 31, 2015, and, as required by the SEC, the reinvestment of all dividends. The return shown on the graph is not necessarily indicative of future performance.

This graph and the accompanying text are not “soliciting material,” are not deemed filed with the SEC and are not to be incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

PREFERRED STOCK DIVIDENDS

At December 31, 2020 and 2019, we had 1.3 million and 1.4 million shares of the Series Q preferred stock, respectively, with a liquidation preference of $50 per share that will be redeemable at our option on or after November 13, 2026. Dividends payable per share were $4.27 for the years ended December 31, 2020 and 2019.

For more information regarding dividends, see Note 9 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data.

SALES OF UNREGISTERED SECURITIES

During 2020, we issued 0.7 million shares of common stock of Prologis, Inc. in connection with the redemption of common units of Prologis, L.P. and 0.5 million common units of Prologis, L.P. in connection with the acquisition of properties (see Note 11 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data) in reliance on the exemption from registration requirements of the Securities Act of 1933, as amended, afforded by Section 4(a)(2) thereof.

PURCHASES OF EQUITY SECURITIES

The table below sets forth the information with respect to purchases by Prologis, Inc. of its common stock during the year ended December 31, 2020:

Period		Average Price Paid per Share (2)			Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan (in millions) (4)
January 1 – January 31	-	$	-	-	$	-
February 1 – February 29	-		-	-		-
March 1 – March 31	539,000		64.66	539,000		965
April 1 – April 30	-		-	-		-
May 1 – May 31	-		-	-		-
June 1 – June 30	-		-	-		-
July 1 – July 31	-		-	-		-
August 1 – August 31	-		-	-		-
September 1 – September 30	-		-	-		-
October 1 – October 31	-		-	-		-
November 1 – November 30	-		-	-		-
December 1 – December 31	-		-	-		-
Total	539,000	$	64.66	539,000	$	965

(1)	In March 2020, the Board of Directors authorized a new share purchase program to repurchase up to $1.0 billion of common stock on the open market or in privately negotiated transactions. This column primarily represents open market share repurchases.

(2)	Average price paid per share is a weighted average calculation using the aggregate price, excluding commissions and fees.

(3)	The aggregate value of shares purchased in the year ended December 31, 2020 as part of the publicly announced plan was $35 million.

(4)	As of February 5, 2021, $965 million in share repurchase authorization remained. There is no scheduled expiration date for the program, but the program may be discontinued at any time.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

For information regarding securities authorized for issuance under our equity compensation plans, see Notes 9 and 12 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data.

OTHER STOCKHOLDER MATTERS

Common Stock Plans

Further information relative to our equity compensation plans will be provided in our 2021 Proxy Statement or in an amendment filed on Form 10-K/A.

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