Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 424

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 12
Chunk 424
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 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 Units (as defined Note 11)56,646 56,646 Repurchase and Retirement of Service Awards and Performance Units (as defined in Note 11)— (125,842)Conversion of Limited Partner Units (A)3,434 — Retirement of Limited Partner Units (B)— (4,429)Balance at December 31, 2024132,349,119 135,989,979 (A) For the years ended December 31, 2024, 2023 and 2022, 3,434, 73,696 and 139,021 Limited Partner Units, respectively, were converted into an equivalent number of shares of the Company's common stock, resulting in a reclassification of $67, $1,332 and $2,444, respectively, from noncontrolling interest to the Company's equity.(B) During the years ended December 31, 2024 and 2023, 4,429 and 330 Limited Partner Units, respectively, were redeemed by a unitholder for cash and were retired by the Operating Partnership.

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ATM ProgramOn February 24, 2023, we entered into three-year distribution agreements with certain sales agents to sell up to 16,000,000 shares of the Company's common stock, for up to $800,000 aggregate gross sales proceeds, from time to time through