First Industrial Realty Trust (FR) CFO discloses stock and LP unit transfer

Rhea-AI Filing Summary

First Industrial Realty Trust Inc. Chief Financial Officer reported a change in ownership of company securities. On 12/17/2025, the reporting person transferred 65,023 shares of Common Stock at a price of $0, leaving 13,625 shares beneficially owned directly afterward. The filing states this was a transfer to a spouse or former spouse as part of a marital dissolution settlement and that these securities are no longer beneficially owned by the reporting person.

The report also shows a related change in derivative securities. It lists 49,563 units of limited partnership interest (LP Units) in First Industrial L.P., which are linked one-for-one to common units and ultimately to shares of Common Stock. Following this transaction, the reporting person directly beneficially owned 62,194 derivative securities.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MUSIL SCOTT A

(Last) (First) (Middle)

ONE N. WACKER DRIVE

SUITE 4200

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST INDUSTRIAL REALTY TRUST INC [ FR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/17/2025		J(1)		65,023(1)	D	$0	13,625	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LP Units	(2)	12/17/2025		J(1)			49,563(1)	(3)	(3)	Common Stock	49,563	$0	62,194	D

Explanation of Responses:

1. Transfer to spouse/former spouse as part of marital dissolution settlement. The securities are no longer beneficially owned by the Reporting Person.

2. 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.

3. Not applicable.

Remarks:

	/s/ Jennifer Matthews Rice, attorney-in-fact	12/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did First Industrial Realty Trust Inc (FR) disclose?

The Chief Financial Officer reported transferring 65,023 shares of Common Stock and 49,563 LP Units on 12/17/2025, with no cash price reported for the transfer.

Why were shares transferred by the officer of First Industrial Realty Trust Inc (FR)?

The filing explains that the transaction was a transfer to a spouse or former spouse as part of a marital dissolution settlement, and the securities are no longer beneficially owned by the reporting person.

How many First Industrial Realty Trust Inc (FR) shares does the officer own after the transaction?

After the reported transaction, the officer beneficially owned 13,625 shares of Common Stock directly.

What derivative securities related to First Industrial Realty Trust Inc (FR) are reported?

The filing reports LP Units in First Industrial L.P. that can convert one-for-one into common units and then into shares of Common Stock. After the transaction, the officer directly beneficially owned 62,194 derivative securities.

What is the relationship of the reporting person to First Industrial Realty Trust Inc (FR)?

The reporting person is an officer of First Industrial Realty Trust Inc, serving as Chief Financial Officer.

Was the transfer of First Industrial Realty Trust Inc (FR) shares a purchase or sale for cash?

The transaction is reported at a price of $0 per share and is described as a transfer in connection with a marital dissolution settlement, rather than a market purchase or sale.