Company: FR
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118941
Chunk: 100

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-05-13
Form: 424B5
Chunk 100
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 to vote a majority of the shares entitled to vote, all other stockholders may exercise appraisal rights. The fair value of the shares as determined for purposes of the appraisal rights may not be less than the highest price per share paid in the control share acquisition. Certain limitations and restrictions otherwise applicable to the exercise of dissenters’ rights do not apply in the context of a control share acquisition. The control share acquisition statute does not apply to the acquisition of shares:

| • |     | under the laws of descent and distribution; |

| • |     | under the satisfaction of a pledge of other security interest created in good faith and not for the purpose of 
 circumventing the control share acquisition statute;                                                           |

| • |     | under a merger, consolidation or share exchange if the corporation is a party to the transaction; |

| • |     | at a time when the corporation is not subject to the control share acquisition statute; or |

| • |     | in accordance with a contract entered into at a time when the corporation is not subject to the control share 
 acquisition statute.                                                                                          |

Our bylaws contain a provision exempting any and all acquisitions of our shares of capital stock from the control share provisions of the MGCL. There can be no assurance that this bylaw provision will not be amended or eliminated in the future. 31

Title 3, Subtitle 8 of the MGCL Subtitle 8 of Title 3 of the MGCL allows Maryland corporations with a class of equity securities registered under the Exchange Act to elect to be governed by all or any part of certain Maryland law provisions relating to extraordinary actions and unsolicited takeovers. The election to be governed by one or more of these provisions can be made by a Maryland corporation in its charter or bylaws or by resolution adopted by the board of directors so long as the corporation has at least three directors who, at the time of electing to be subject to the provisions, are not:

| • |     | officers or employees of the corporation; |

| • |     | persons seeking to acquire control of the corporation; |

| • |     | directors, officers, affiliates or associates of any person seeking to acquire control; or |

| • |     | nominated or designated as directors by a person seeking to acquire control. |

Subtitle 8 provides that a Maryland corporation can elect to be subject to all or any portion of the following provisions notwithstanding any contrary provisions contained in its existing charter or bylaws:

| • |     | a classified board; |

| •