First Industrial (NYSE: FR) EVP Peter Schultz gifts 200 company shares

Rhea-AI Filing Summary

FIRST INDUSTRIAL REALTY TRUST INC executive Peter Schultz, EVP - East Region, reported two Form 4 transactions involving bona fide gifts of common stock on 2026-02-19. He disposed of a total of 200 shares at $0.0000 per share as gifts to his adult children, and after these transfers he directly owned 95,274 common shares.

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

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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^*

Schultz Peter

(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)
	EVP - East Region

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		G		100	D	(1)	95,374	D
Common Stock	02/19/2026		G		100	D	(1)	95,274	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

Explanation of Responses:

1. These transactions involved bona fide gifts of securities by the reporting person to his adult children.

Remarks:

	/s/ Jennifer Matthews Rice, attorney-in-fact	02/20/2026
	** 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 FR executive Peter Schultz report on this Form 4?

Peter Schultz reported two bona fide gift transfers of First Industrial Realty Trust common stock. On 2026-02-19, he gifted a total of 200 shares to his adult children, with each transaction priced at $0.0000 per share, reflecting non-cash dispositions.

How many FR shares did Peter Schultz give away and at what price?

Peter Schultz disposed of 200 shares of First Industrial Realty Trust common stock as gifts. The Form 4 shows two transactions of 100 shares each, both at a price of $0.0000 per share, consistent with bona fide, non-compensatory gifts to family members.

Does Peter Schultz still hold FR shares after these reported gifts?

Yes, Peter Schultz continues to hold First Industrial Realty Trust common stock after the gifts. The Form 4 indicates that following the reported transactions, his direct ownership position was 95,274 common shares, reflecting a modest reduction from gifting 200 shares to his adult children.

Were Peter Schultz’s FR transactions open-market sales or bona fide gifts?

They were bona fide gifts, not open-market sales. The Form 4 uses transaction code G and explicitly describes the actions as bona fide gifts of securities, transferring 200 common shares by gift to his adult children at a stated price of $0.0000 per share.

Who received the FR shares gifted by Peter Schultz on 2026-02-19?

According to the footnote, the 200 First Industrial Realty Trust common shares were gifted by Peter Schultz to his adult children. The disclosure clarifies these were bona fide gifts, meaning he transferred ownership without receiving cash consideration or sale proceeds in return.

What is the transaction code used in Peter Schultz’s FR Form 4 filing?

The Form 4 lists transaction code G for both entries, indicating bona fide gifts of securities. This code shows the 200 First Industrial Realty Trust common shares were disposed of by gift, rather than through a purchase, sale, or option exercise transaction in the open market.