Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 664

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 16
Chunk 664
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 for redemption have generally been fulfilled with shares of common stock of the Company, and the Operating Partnership intends to continue this practice. If each Limited Partner Unit of the Operating Partnership were redeemed as of December 31, 2024, the Operating Partnership could satisfy its redemption obligations by making an aggregate cash payment of approximately $182,516 or by issuing 3,640,860 shares of the Company's common stock. Preferred Stock or General Partner Preferred UnitsThe Company has 10,000,000 shares of preferred stock authorized. As of December 31, 2024 and 2023, there were no preferred shares or general partner preferred Units outstanding. 

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Shares of Common Stock or Unit ContributionsThe following table is a roll-forward of the Company's shares of common stock outstanding and the Operating Partnership's Units outstanding, including equity compensation awards which are discussed in Note 11, for the three years ended December 31, 2024:  Shares ofCommon StockOutstandingGeneral Partner and Limited Partner Units OutstandingBalance at December 31, 2021131,747,725 134,682,928 Issuance of Common Stock/Contribution of General Partner Units under our Prior ATM (as further described below)218,230 218,230 Issuance of Service Awards and Performance Awards (as defined in Note 11)— 280,081 Vesting of Service Awards and Performance Units (as defined in Note 11)49,964 49,964 Repurchase and Retirement of Service Awards and Performance Units (as defined in Note 11)(13,437)(33,934)Conversion of Limited Partner Units (A)139,021 — Balance at December 31, 2022132,141,503 135,197,269 Issuance of Service Awards and Performance Awards (as defined in Note 11)— 405,618 Vesting of Service Awards and Performance Units (as defined in Note 11)73,840 73,840 Repurchase and Retirement of Service Awards and Performance Units (as defined in Note 11)— (9,193)Conversion of Limited Partner Units (A)73,696 — Retirement of Limited Partner Units (B)— (330)Balance at December 31, 2023132,289,039 135,667,204 Issuance of Service Awards and Performance Awards (as defined in Note 11)— 396,400 Vesting of Service Awards and Performance