Schmitz Frank E. 4

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.