Form 4: First Industrial Realty Trust Executive Peter Schultz Reports Gift of 100 Shares

Executive Vice President of First Industrial Realty Trust, Peter Schultz, reported a gift of 100 common stock shares to a charitable foundation.

Summary

• Peter Schultz, an Executive Vice President at First Industrial Realty Trust, filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved a gift of 100 shares of common stock.
• The shares were gifted to a charitable foundation.
• Following the transaction, Mr. Schultz directly owns 95,474 shares of First Industrial Realty Trust.

Sentiment

Score: 7

Explanation: The document is a routine filing of a stock gift, which is neither positive nor negative for the company's performance. It is a neutral event from an investment perspective.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company executive, which is common in the real estate industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and this transaction is similar to those of other executives in comparable real estate investment trusts (REITs).
• Executives at companies like Prologis (PLD) and Duke Realty (DRE) also regularly file Form 4s for similar transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small gift of shares by an executive.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Gift, Executive Transaction, First Industrial Realty Trust, Peter Schultz, Charitable Foundation