Jennifer Matthews - Jan 3, 2023 Form 4 Insider Report for FIRST INDUSTRIAL REALTY TRUST INC (FR)

Role
General Counsel
Signature
/s/ Jennifer Matthews Rice
Stock symbol
FR
Transactions as of
Jan 3, 2023
Transactions value $
-$352,752
Form type
4
Date filed
1/5/2023, 05:43 PM
Previous filing
Jan 12, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FR Common Stock Tax liability -$42.1K -877 -5.57% $48.00 14.9K Jan 3, 2023 Direct F1
transaction FR Common Stock Options Exercise +14.4K +97.18% 29.3K Jan 3, 2023 Direct F2, F3
transaction FR Common Stock Tax liability -$311K -6.47K -22.09% $48.00 22.8K Jan 3, 2023 Direct F4

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 +3.14K +134.92% $0.00 5.47K Jan 3, 2023 Common Stock 3.14K Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction resulting from tax withholding in connection with the vesting of time based restricted stock units.
F2 Transaction resulting from the vesting of restricted stock units granted under First Industrial's 2014 Stock Incentive Plan on January 1, 2020 (the "Performance RSUs").
F3 Each Performance RSU represented the right to receive one share of First Industrial common stock upon vesting, plus any dividends that accrued with respect to such share after the issuance of the Performance RSUs and prior to the date of vesting.
F4 Transaction resulting from tax withholding in connection with the vesting of the Performance RSUs.
F5 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.
F6 Not applicable. The LP Units vest in three equal installments on January 1, 2024, 2025 and 2026.
F7 Not applicable.