Company: FR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0000921825-25-000032
Chunk: 37

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 37
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3, 2022 and 2021 and Mr. Yap, Mr. Musil, Mr. Schultz and David Harker, the Company’s former Executive Vice President - Central Region for the year ended December 31, 2020.

(4) Reflects cumulative total shareholder return of the FTSE Nareit All Equity REIT Index (the “FTSE Index”), which is the index used by the Company for purposes of Item 201(e) of Regulation S-K under the Exchange Act in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

(5) FFO represents net income available to common stockholders, unitholders and participating securities, plus depreciation and other amortization of real estate, plus impairment of real estate, minus gain (or plus loss) on sale of real estate, adjusted for any associated income tax provision or benefits. Similar adjustments are made for our share of net income from an unconsolidated joint venture. FFO is a non-GAAP financial measure created by Nareit as a supplemental measure of REIT operating performance that excludes certain items from net income determined in accordance with GAAP. FFO is calculated by the Company in accordance with the definition adopted by the Board of Governors of Nareit and therefore may not be comparable to other similarly titled measures of other companies.

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| Year                                                                                     |     | 2024 |            |     | 2023 |            |     | 2022 |            |     | 2021 |            |     | 2020 |            |
| CEO                                                                                      |     |      |            |     |      |            |     |      |            |     |      |            |     |      |            |
| Summary Compensation Table (SCT) Total Compensation ($)                                  |     |      |  6,617,506 |     |      |  6,413,736 |     |      |  5,675,125 |     |      |  5,242,451 |     |      |  7,123,032 |
| Adjustments for stock awards:                                                            |     |      |            |     |      |            |     |      |            |     |      |            |     |      |            |
| Reported Value of Equity Awards in SCT ($)                                               |     |      | -3,810,539 |     |      | -3,714,199 |