Johannson L. Yap - Jan 2, 2024 Form 4 Insider Report for FIRST INDUSTRIAL REALTY TRUST INC (FR)

Role
Chief Investment Officer
Signature
/s/ Jennifer Matthews Rice, attorney-in-fact
Stock symbol
FR
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 05:22 PM
Previous filing
Aug 29, 2023
Next filing
Mar 4, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FR LP Units Award $0 +22.8K +18.37% $0.00 147K Jan 2, 2024 Common Stock 22.8K Direct F1
transaction FR LP Units Award $0 +8.66K +5.88% $0.00 156K Jan 2, 2024 Common Stock 8.66K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the receipt of common units of limited partnership interest in First Industrial, L.P., of which the Company is the general partner, upon the vesting of Performance Units issued on January 1, 2021 under the Company's 2014 Stock Incentive Plan. A common unit of limited partnership interest in First Industrial, L.P. may be converted into a share of Common Stock of the Company on a one-for-one basis.
F2 Represents units of limited partnership interest ("LP Units") in First Industrial L.P., of which the Company is the general partner, granted under the Company's 2014 Stock Incentive Plan. An LP Unit that has vested and received certain allocations will automatically convert into a common unit of limited partnership interest in First Industrial, L.P. on a one-for-one basis, which common unit may in turn be converted into a share of Common Stock of the Company on a one-for-one basis.
F3 Not applicable. The LP Units vest in three equal installments on January 1, 2025, 2026 and 2027.
F4 Not applicable.