BAZEMORE TERESA BRYCE 4
Research Summary
AI-generated summary
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.