BAZEMORE TERESA BRYCE 4
4 · FIRST INDUSTRIAL REALTY TRUST INC · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
First Industrial (FR) Director Teresa Bazemore Receives Award
What Happened
Teresa Bazemore, a director of First Industrial Realty Trust, received an award of 2,419 limited partnership units (LP Units) on 2026-04-30. The grant is reported as a derivative award at a $0 per-unit purchase price (total reported cash consideration $0) under the company's 2024 Stock Incentive Plan.
Key Details
- Transaction date: 2026-04-30; filing date: 2026-05-01 (Form 4, accession 0001721267-26-000002).
- Transaction type/code: Award/Grant (A) — 2,419 LP Units granted at $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote summary:
- F1: LP Units are limited partnership interests in First Industrial L.P.; vested LP Units that receive certain allocations convert one-for-one into common units of the partnership, which may then convert one-for-one into Company common stock.
- F2: Vesting occurs upon the earlier of (i) the first anniversary of grant or (ii) the next annual stockholder meeting where directors are elected.
- F3: Not applicable.
- No indication in the form that the award was part of a 10b5-1 plan, a sale, or a tax-withholding event.
Context
This is a standard equity compensation grant to a director rather than an open-market purchase or sale. The award is a derivative interest that only becomes company common stock if and when it vests and converts; it does not represent immediately tradable shares. Such grants are routine for director compensation and do not by themselves indicate a trading signal.
Insider Transaction Report
- Award
LP Units
[F1][F2][F3]2026-04-30+2,419→ 14,526 total→ Common Stock (2,419 underlying)
Footnotes (3)
- [F1]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 2024 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.
- [F2]Not applicable. The LP Units vest upon the earlier of (i) the first anniversary of grant or (ii) the Company's next annual stockholder meeting following the date of grant where directors are elected.
- [F3]Not applicable.