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

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 25
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 executives’ continued service to the Company. Time-Based Awards are determined based on the anticipated dollar value of the award and then issued, at the grantee’s option, in a number of time-based RSUs (“Time-Based RSUs”), which represent the right to receive an equivalent number of shares of Common Stock upon vesting, or time-based Units (such Units, “Time-Based Units”) corresponding to the appropriate dollar value.

On January 2, 2024, the Compensation Committee authorized grants of Time-Based Awards to certain employees of the Company, including each Named Executive Officer. These Time-Based Awards that were granted to the Named Executive Officers are summarized in the table below:

| 2024 Time-Based Awards    |     |               |     |                  |     |               |
| Executive Officer         |     | Date of Grant |     | Form of Award    |     | Units Awarded |
| Peter E. Baccile          |     | 1/02/2024     |     | Time-Based Units |     |        21,585 |
| Johannson L. Yap          |     | 1/02/2024     |     | Time-Based Units |     |         8,655 |
| Scott A. Musil            |     | 1/02/2024     |     | Time-Based Units |     |         5,124 |
| Peter O. Schultz          |     | 1/02/2024     |     | Time-Based Units |     |         5,412 |
| Jennifer E. Matthews Rice |     | 1/02/2024     |     | Time-Based Units |     |         2,958 |

Effective January 2, 2025, the Compensation Committee authorized grants of Time-Based Awards to certain employees of the Company, including each Named Executive Officer. These Time-Based Awards that were granted to the Named Executive Officers are summarized in the table below:

| 2025 Time-Based Awards    |     |               |     |                  |     |               |
| Executive Officer         |     | Date of Grant |     | Form of Award    |     | Units Awarded |
| Peter E. Baccile          |     | 1/02/2025     |     | Time-Based Units |     |        31,407 |
| Johannson L. Yap          |     | 1/02/2025     |     | Time-Based Units |     |        12,048 |
| Scott A.