Form 4: First Industrial Realty Trust Director Acquires Shares Through Stock Incentive Plan

Director Teresa Bryce Bazemore acquired 2,642 LP Units in First Industrial Realty Trust through the company's 2024 Stock Incentive Plan.

Summary

• Teresa Bryce Bazemore, a director of First Industrial Realty Trust Inc., acquired 2,642 LP Units on May 2, 2024.
• These units were granted under the company's 2024 Stock Incentive Plan.
• The LP Units vest upon the earlier of the first anniversary of the grant or the company's next annual stockholder meeting where directors are elected.
• Vested LP Units convert into common units of limited partnership interest on a one-for-one basis, which can then be converted into shares of Common Stock on a one-for-one basis.
• Following the transaction, Bazemore directly owns 9,585 shares of Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's participation in a stock incentive plan, indicating alignment with shareholder interests.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.
• The stock incentive plan aligns the interests of directors with those of shareholders.

Industry Context

This Form 4 filing is a routine disclosure of a director's change in beneficial ownership, which is common in publicly traded companies with stock-based compensation plans.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates