HACKETT H PATRICK JR 4

What Happened

• Hackett H. Patrick Jr., a director of First Industrial Realty Trust, Inc. (FR), was granted 2,419 limited partnership units (LP Units) on 2026-04-30 as an award under the company's 2024 Stock Incentive Plan. The grant was reported as a derivative award at $0.00 per unit (no cash paid at grant).
• This award is coded as an "A" (award/grant). These LP Units can convert one-for-one into common units of First Industrial L.P. and those common units can in turn convert one-for-one into shares of First Industrial Realty Trust common stock once vesting and allocation conditions are met.

Key Details

• Transaction date: 2026-04-30; filing date: 2026-05-01 (filed within the usual Form 4 reporting window).
• Grant: 2,419 LP Units; reported acquisition price $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 explains LP Units convert one-for-one to common units and then to Company common stock once vested and allocated; F2 notes LP Units vest on the earlier of one year from grant or the next annual meeting when directors are elected; F3 not applicable.
• Transaction code: A (award/grant).

Context

• This is a compensation award to a director rather than an open-market purchase or sale. No cash changed hands at grant and no immediate sale occurred, so it should not be interpreted as a near-term market trade signal.
• The LP Units are subject to vesting and conversion mechanics; only upon vesting and allocation will they become common stock convertible on a one-for-one basis.