Company: FR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0000921825-25-000032
Chunk: 16

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 16
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1) (2) (3)  |     | Terreno Realty Corporation (TRNO)(1) (2) (3)      |
| Healthcare Realty Trust Incorporated (HR)(1) |     | The Macerich Company (MAC)(1)                     |
| Kite Realty Group Trust (KRG)(1)             |     |                                                   |

(1) Comparable market capitalization.

(2) Same real estate sector.

(3) Included as a peer in the performance-based award peer group, discussed on page 23.

<div align='center'>17</div>

### COMPENSATION HIGHLIGHTS
The Compensation Committee has designed our executive compensation program for our Named Executive Officers to align compensation with their performance and the goals of our stockholder. A significant portion of the compensation of our CEO and other Named Executive Officers is performance-based in the form of variable pay (annual and long-term incentives), which emphasizes our commitment to rewarding only excellent performance. Our compensation decisions in 2024 reflected this approach. The percentage of compensation that was at risk in 2024 for our CEO and the average for our other Named Executive Officers was 84.0% and 76.6%, respectively.

The below table reflects the characteristics of our compensation program for our Named Executive Officers:

| Focus on At-Risk Pay              |     | The majority of compensation is performance-based/at-risk pay.                                                                                                                                                                                                |
| Majority Performance-Based Equity |     | Equity compensation mix is approximately 65% performance-based and 35% time-based.                                                                                                                                                                            |
| Performance Metrics               |     | For the performance-based awards granted in 2024, 54% of performance-based awards are based on performance relative to the “Long-Term Incentive Peer Group” (as defined below) and 46% are based on performance relative to the FTSE Nareit All Equity Index. |
| Performance Measurement Period    |     | Performance goals are measured based on relative total shareholder return over a 3-year period.                                                                                                                                                               |
| Total Shareholder Return Goals    |     | Total shareholder return metrics are based on a percentile level of performance relative to the companies in the peer group and index.                                                                                                                        |
| Annual Cash Bonus Plan            |     | Annual cash bonuses are based on weighted measures of Company performance, including FFO per diluted share/Unit, same store NOI growth, fixed charge coverage ratio, and other discretionary objectives.                                                      |
| Base Salary                       |     | Base salaries are adjusted from time to time based on market trends and