Schmitz Frank E. 4

4 · FIRST INDUSTRIAL REALTY TRUST INC · Filed Jun 2, 2026

AI-generated summary of this filing

Updated Jun 2, 2026

First Industrial (FR) Director Frank E. Schmitz Receives Award

What Happened

Frank E. Schmitz, a director of First Industrial Realty Trust, Inc. (FR), received an award of 2,293 limited partnership units (LP Units) on 2026-06-01. The grant is recorded at $0.00 per unit (no cash purchase). These LP Units are derivative awards that can convert one-for-one into common units of First Industrial L.P., which in turn may convert one-for-one into shares of the Company's common stock.

Key Details

Transaction date and filing: Grant date 2026-06-01; Form 4 filed 2026-06-02 (timely filing).
Award: 2,293 LP Units; reported acquisition price $0.00 (award/grant).
Shares owned after transaction: Not specified in the filing.
Vesting: LP Units vest at the Company’s next annual stockholder meeting where directors are elected (per footnote F2).
Notes: F1 explains conversion mechanics (LP Units → common unit → common stock). F3 not applicable.

Context

This is an award/grant (not a market purchase or sale). The $0 reported price reflects a compensation grant; any future economic value depends on vesting, conversion, and the market price of the Company’s shares. For retail investors, grants to directors are common as compensation and do not by themselves signal a buy/sell decision.

Form 4

Period: 2026-06-01

Director

Transactions

Award
LP Units
[F1][F2][F3]
2026-06-01+2,293→ 2,293 total
→ Common Stock (2,293 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 at the Company's next annual stockholder meeting following the date of grant where directors are elected.
[F3]Not applicable.

Signature

/s/ Jennifer Matthews Rice, attorney-in-fact|2026-06-02

1 file