Company: FR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0000921825-25-000032
Chunk: 22

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 22
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 as follows:

| Executive Officer         |     | Cash Bonus at 100% Level of Achievement (% of Base Salary) |
| Peter E. Baccile          |     | 200%                                                       |
| Johannson L. Yap          |     | 200%                                                       |
| Scott A. Musil            |     | 150%                                                       |
| Peter O. Schultz          |     | 200%                                                       |
| Jennifer E. Matthews Rice |     | 125%                                                       |

The actual percentage of cash bonuses (the “Individual Cash Percentage”) awarded to the Named Executive Officers were determined as described below.

For 2024, 85% of the annual bonus opportunity for the Named Executive Officers was based on overall company performance, as measured by FFO per diluted share/Unit (50% weighting), SS NOI growth (25% weighting), and fixed charge coverage ratio (10% weighting). The remaining 15% of Mr. Baccile’s annual bonus opportunity was determined by the Compensation Committee based upon its assessment of the Company’s overall performance and the Company’s achievement of the corporate performance goals under the 2024 Employee Bonus Plan. The remaining 15% of the annual bonus opportunity in 2024 for the Named Executive Officers other than Mr. Baccile was determined by the Compensation Committee, after recommendations from our Chief Executive Officer, based upon the respective officer’s achievement of the following individual performance objectives that were approved by the Board of Directors and communicated to the officer:

| Executive Officer         |     | Individual Performance Objectives                                                                                                                    |
| Johannson L. Yap          |     | Progress with respect to investments and divestitures, completing and leasing developments and overall performance of the West Region of the Company |
| Scott A. Musil            |     | Progress with respect to leverage and fixed charge coverage ratios, funding of investment objectives and overall investor relations                  |
| Peter O. Schultz          |     | Progress with respect to investments and divestitures, completing and leasing developments and overall performance of the East Region of the Company |
| Jennifer E. Matthews Rice |     | Progress with the legal matters of the Company, including measures to reduce risk and advance strategic objectives                                   |

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The cash bonus payments made in the first quarter of 2025 to each of our Named Executive Officers in settlement of awards under the 2024 Employee Bonus Plan, together with the applicable Individual Cash Percentage (which reflects the actual cash bonus as a percentage of the respectiv e 100%