Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-27

First Industrial Realty Trust Inc. (FR)

CEO Peter Baccile was paid $8,288,366 in fiscal year 2025, ↑ up 25.2% from fiscal year 2024, the 47th percentile of its disclosed peer group (SEC filing 0000921825-26-000041 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$8,288,366 ↑
Peter Baccile total, FY2025
47th
CEO pay percentile vs peers
52:1
CEO-to-median pay ratio
95.08%
Say-on-pay support, latest vote

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- Peter Baccile (President and Chief Executive Officer), FY2025 total compensation $8,288,366 (base salary $935,000) [exec_comp, SEC accession 0000921825-26-000041, filed 2026-03-30]

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FR's next annual pay disclosure, estimated March 27, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Peter Baccile$935,000—$5,212,199—$2,113,000—$28,167$8,288,366
President and Chief Executive Officer
Johannson Yap586,000—1,999,278—1,324,000—37,7673,947,045
Chief Investment Officer and Executive Vice President West Region
Peter Schultz488,000—1,509,233—1,103,000—36,8383,137,071
Executive Vice President East Region
Scott Musil428,000—1,232,552—726,000—31,7572,418,309
Chief Financial Officer
Jennifer Matthews Rice353,000—592,228—598,000—25,6431,568,871
General Counsel and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Peter Baccile$8,288,366$6,617,506$6,413,736↑ +1,670,860
Johannson Yap3,947,0453,349,8103,223,378↑ +597,235
Peter Schultz3,137,0712,436,8482,346,837↑ +700,223
Scott Musil2,418,3092,005,9161,905,194↑ +412,393
Jennifer Matthews Rice1,568,8711,324,5561,274,197↑ +244,315

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$8,288,366 Peter Baccile total, FY2025

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Data as of July 27, 2026 · Source: 0000921825-26-000041 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against FR
10 companies name FR as a compensation peer

Each company listed discloses FR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Peter BaccileCEO$8,288,366
Peter SchultzEVP$3,137,071
Jennifer Matthews RiceGeneral Counsel$1,568,871
Scott MusilCFO$2,418,309
Johannson YapExecutive$3,947,045
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Denise A. OlsenIndependent Director$216,247
H. Patrick Hackett JrIndependent Director$234,997
Marcus L. SmithIndependent Director$217,002
Matthew S. DominskiChair of the Board$269,703
Teresa Bryce BazemoreIndependent Director$229,997
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Denise A. OlsenDirector2026-04-30A2,419$0$0Derivative, Class A CommonForm 4 ↗
Marcus L. SmithDirector2026-04-30A2,41900Derivative, Class A CommonForm 4 ↗
Matthew S. DominskiDirector2026-04-30A2,41900CommonForm 4 ↗
Teresa Bryce BazemoreDirector2026-04-30A2,41900Derivative, Class A CommonForm 4 ↗
H. Patrick Hackett JrDirector2026-04-30A2,41900Derivative, Class A CommonForm 4 ↗
Frank E. SchmitzDirector2026-06-01A2,29300Derivative, Class A CommonForm 4 ↗
Scott MusilChief Financial Officer2026-07-27D2,60300Derivative, Class A CommonForm 4 ↗
Scott MusilChief Financial Officer2026-07-27D2,17500Common, indirectForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Johannson YapRSU2025-01-02——12,048—$570,714
Jennifer Matthews RiceRSU2025-01-02——3,570—169,111
Peter SchultzRSU2025-01-02——9,096—430,878
Jennifer Matthews RiceRSU2025-01-02——3,570—169,111
Peter BaccilePSU2025-01-0229,13458,327—131,2353,724,449
Scott MusilPSU2025-01-026,88913,792—31,032880,688
Peter SchultzPSU2025-01-028,43516,888—37,9971,078,355
Jennifer Matthews RicePSU2025-01-023,3106,626—14,909423,117
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Johannson Yap$570,714$0$00.0%
Jennifer Matthews Rice338,222423,117055.6%
Peter Schultz430,8781,078,355071.5%
Peter Baccile03,724,4490100.0%
Scott Musil0880,6880100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Peter BaccilePSU188,113—$10,773,232
Johannson YapPSU75,244—4,309,224
Scott MusilRSU12,631—723,377
Peter BaccileRSU53,454—3,061,311
Peter SchultzPSU50,827—2,910,862
Scott MusilPSU45,398—2,599,943
Peter SchultzPSU23,600—1,351,572
Johannson YapRSU20,881—1,195,855
Peter SchultzRSU14,619—837,230
Peter SchultzRSU6,589—377,352
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program consists of a mix of compensation that is intended to compensate the Named Executive Officers for their contributions during the year and to reward them for achievements that lead to increased Company performance and increases in stockholder value.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)—
Independent consultantFerguson Partners Consulting, L.P.
Clawback policytrue
Anti-hedging—
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-30112,293,2775,807,450688,86495.08%Passed
20252025-04-30104,973,9358,159,183133,20592.79%Passed
20242024-04-30104,440,6845,513,869163,13894.99%Passed
20232023-05-0398,371,3909,507,198129,64691.19%Passed
20222022-05-04102,945,1096,560,158121,86294.01%Passed
20212021-05-0594,999,68516,933,911295,95684.87%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-3095.08%a
20252025-04-3092.79%b
20242024-04-3094.99%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as votes cast and are not counted in the determination of the outcome of Proposal 2.”.

b. Approved under the standard stated in the filing — “Neither abstentions nor broker non-votes, if any, will have any legal effect on whether this proposal is approved as they do not count as votes cast for such matter.”.

c. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast, and accordingly will have no effect on any of the proposals presented in this Proxy Statement.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)52 : 1
CEO total compensation$8,288,366
Median employee compensation$158,762
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Matthew S. DominskiIndependent · Board Chair · Compensation · Investment · Nominating/Governance$149,706$119,997$0$0$0$269,703
H. Patrick Hackett JrIndependent · Compensation (Chair) · Investment (Chair)115,000119,997000234,997
Teresa Bryce BazemoreIndependent · Audit (Chair) · Compensation110,000119,997000229,997
Marcus L. SmithIndependent · Audit · Investment · Nominating/Governance97,005119,997000217,002
Denise A. OlsenIndependent · Audit · Investment · Nominating/Governance96,250119,997000216,247
Peter E. BaccileEmployee director · Investment000—00
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer$119,997
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guidelineUntil the directors and senior executive officers reach their respective stock ownership goal, they will be required to retain (i) shares that are owned on the date they became subject to the Stock Ownership Guidelines and (ii) at least 75% of “net shares”
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$567,961
Equity awards (grant-date value)$599,985
All other compensation$0
Total cost of the board$1,167,946

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies First Industrial Realty Trust Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including First Industrial Realty Trust Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Prologis, Inc.2025Daniel Letter$795,385$12,500,990$0—$15,190,625
2The Macerich Company2025Jackson Hsieh1,000,00010,826,0500015,047,450
3Omega Healthcare Investors, Inc.2025C. Taylor Pickett967,00011,248,49801,297,59314,020,475
4Healthcare Realty Trust Incorporated2025Peter Scott534,09110,336,83101,984,50012,855,422
5Agree Realty Corporation2025Joel Agree921,8086,923,60803,053,25310,957,876
6Rexford Industrial Realty, Inc.2025Laura Clark700,0007,380,28401,200,1519,497,183
7EastGroup Properties, Inc.2025Marshall Loeb885,0005,896,73802,340,0299,437,394
8CubeSmart2025Christopher Marr920,0003,679,9651,839,9972,523,6579,177,452
9First Industrial Realty Trust Inc.2025Peter Baccile935,0005,212,199—2,113,0008,288,366
10Kite Realty Group Trust2025John Kite1,000,0003,931,06102,912,5007,882,883
11LXP Industrial Trust2025T. Wilson Eglin840,0004,044,98201,442,4386,645,384
12STAG Industrial, Inc.2025William Crooker800,0003,599,97001,427,9155,881,152
13Terreno Realty Corporation2025W. Blake Baird800,0004,603,498005,413,998
14Brixmor Property Group Inc.2025Brian T. Finnegan650,0001,777,1340830,9443,735,474
15Americold Realty Trust, Inc.2025Robert Chambers708,0681,907,2270694,0733,524,308
16Industrial Logistics Properties Trust2025Yael Duffy0149,99900153,326

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
First Industrial Realty Trust Inc.113%not disclosedYesFerguson Partners Consulting, L.P.
Agree Realty Corporation329%PSU 70 · RSU 30NoMeridian Compensation Partners, LLC
Americold Realty Trust, Inc.not disclosednot disclosedYes — relative TSRMeridian Compensation Partners, LLC
Brixmor Property Group Inc.not disclosedPSU 60 · RSU 40Yes — Relative Total Stockholder Return (TSR)Pay Governance
CubeSmart157%PSU 33 · RSU 33 · Options 33NoFerguson Partners
EastGroup Properties, Inc.137%not disclosedYes — TSR Compared to Nareit Equity Index ConstituentsFPC
Healthcare Realty Trust Incorporated147%PSU 60 · RSU 40Yes — Relative TSR compared to the TSR peer groupFerguson Partners
Industrial Logistics Properties Trustnot disclosedRSU 100not disclosednot disclosed
Kite Realty Group Trustnot disclosedPSU 60 · RSU 40Yes — relative TSR performance versus shopping center REITsFerguson Partners Consulting
LXP Industrial Trustnot disclosedPSU 60 · RSU 40Yes — Relative TSR compared to MSCI US REIT IndexFerguson Partners Consulting, L.P.
Omega Healthcare Investors, Inc.149.0%PSU 60 · RSU 40Yes — Relative TSR vs. FTSE Nareit Equity Health Care IndexFPC
Prologis, Inc.137.5%PSU 100NoPay Governance
Rexford Industrial Realty, Inc.227%PSU 60 · RSU 40Yes — Relative TSR vs. Dow Jones U.S. Equity REIT IndexFPC
STAG Industrial, Inc.178%PSU 65 · LTIP Units 35Yes — Relative TSR vs Industry Peer GroupFerguson Partners Consulting
Terreno Realty Corporationnot disclosedPSU 65 · RSU 35Nonot disclosed
The Macerich Company200%LTIP Units 100Yes — Relative TSR vs. Equity Peer REITsMeridian (effective June 25, 2025); FW Cook (prior to June 25, 2025)

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at First Industrial Realty Trust Inc. in fiscal 2025?
As disclosed, Peter Baccile (President and Chief Executive Officer) was the highest-paid executive at First Industrial Realty Trust Inc. in fiscal 2025, with total compensation of $8,288,366.
How does First Industrial Realty Trust Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Peter Baccile's total compensation ranked at the 47th percentile of First Industrial Realty Trust Inc.'s disclosed peer group.
What is First Industrial Realty Trust Inc.'s CEO-to-median employee pay ratio?
As disclosed, First Industrial Realty Trust Inc.'s CEO-to-median employee pay ratio was 52:1.
How did shareholders vote on First Industrial Realty Trust Inc.'s executive compensation?
As disclosed, 95.08% of shareholders supported First Industrial Realty Trust Inc.'s executive compensation in the latest say-on-pay vote.
How much does First Industrial Realty Trust Inc. spend in total on board compensation for fiscal 2025?
As disclosed, First Industrial Realty Trust Inc. reported total board compensation of $1,167,946 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Peter BaccileDEF 14A2026-03-300000921825-26-000041Section “SUMMARY COMPENSATION TABLE”. As printed: 8,288,366. Filing ↗machine: r2 · c36 · span 508347–508356
2Section 01, Johannson YapDEF 14A2026-03-300000921825-26-000041Section “SUMMARY COMPENSATION TABLE”. As printed: 3,947,045. Filing ↗machine: r5 · c36 · span 514614–514623
3Section 01, Peter SchultzDEF 14A2026-03-300000921825-26-000041Section “SUMMARY COMPENSATION TABLE”. As printed: 3,137,071. Filing ↗machine: r11 · c36 · span 526314–526323
4Section 01, Scott MusilDEF 14A2026-03-300000921825-26-000041Section “SUMMARY COMPENSATION TABLE”. As printed: 2,418,309. Filing ↗machine: r8 · c36 · span 520240–520249
5Section 01, Jennifer Matthews RiceDEF 14A2026-03-300000921825-26-000041Section “SUMMARY COMPENSATION TABLE”. As printed: 1,568,871. Filing ↗machine: t54 · r14 · c12 · span 532134–532143
6Section 03, Johannson Yap RSUDEF 14A2026-03-300000921825-26-000041Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r4 · c3 · span 468110–468116
7Section 03, Jennifer Matthews Rice RSUDEF 14A2026-03-300000921825-26-000041Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 602092–602099
8Section 03, Peter Schultz RSUDEF 14A2026-03-300000921825-26-000041Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 590755–590762
9Section 03, Jennifer Matthews Rice RSUDEF 14A2026-03-300000921825-26-000041Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r7 · c3 · span 471492–471497
10Section 03, Peter Baccile PSUDEF 14A2026-03-300000921825-26-000041Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t56 · r3 · c25 · span 554882–554891
11Section 03, Scott Musil PSUDEF 14A2026-03-300000921825-26-000041Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t56 · r9 · c25 · span 576632–576639
12Section 03, Peter Schultz PSUDEF 14A2026-03-300000921825-26-000041Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 587798–587807
13Section 03, Jennifer Matthews Rice PSUDEF 14A2026-03-300000921825-26-000041Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 07, pay ratioDEF 14A2026-03-300000921825-26-000041Section “CEO Pay Ratio”. As printed: 52 : 1. Filing ↗
15Section 08, Matthew S. DominskiDEF 14A2026-03-300000921825-26-000041Section “Director Compensation”. As printed: 269,703. Filing ↗machine: span 295510–295636
16Section 08, H. Patrick Hackett JrDEF 14A2026-03-300000921825-26-000041Section “Director Compensation”. As printed: 234,997. Filing ↗machine: span 296593–296719
17Section 08, Teresa Bryce BazemoreDEF 14A2026-03-300000921825-26-000041Section “Director Compensation”. As printed: 229,997. Filing ↗machine: span 294431–294557
18Section 08, Marcus L. SmithDEF 14A2026-03-300000921825-26-000041Section “Director Compensation”. As printed: 217,002. Filing ↗machine: span 300135–300261
19Section 08, Denise A. OlsenDEF 14A2026-03-300000921825-26-000041Section “Director Compensation”. As printed: 216,247. Filing ↗machine: span 297667–297793
20Section 08, Peter E. BaccileDEF 14A2026-03-300000921825-26-000041Section “Director Compensation”. As printed: 0. Filing ↗
21Section 02, Denise A. Olsen 2026-04-30Form 42026-05-010001722774-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Marcus L. Smith 2026-04-30Form 42026-05-010001718950-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Matthew S. Dominski 2026-04-30Form 42026-05-010001201056-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Teresa Bryce Bazemore 2026-04-30Form 42026-05-010001721267-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, H. Patrick Hackett Jr 2026-04-30Form 42026-05-010001436572-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Frank E. Schmitz 2026-06-01Form 42026-06-020002137391-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Scott Musil 2026-07-27Form 42026-07-270001188203-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Scott Musil 2026-07-27Form 42026-07-270001188203-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
29Section 06, 2026 voteForm 8-K2026-04-300000921825-26-000057Item 5.07 · say-on-pay result. As reported: 95.08% (votes for as printed: 112,293,277). Filing ↗
30Section 06, 2025 voteForm 8-K2025-05-010000921825-25-000042Item 5.07 · say-on-pay result. As reported: 92.79% (votes for as printed: 104,973,935). Filing ↗
31Section 06, 2024 voteForm 8-K2024-05-010000921825-24-000053Item 5.07 · say-on-pay result. As reported: 94.99% (votes for as printed: 104,440,684). Filing ↗
32Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
33Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
34Section 09b board cost (computed)Computed——Cash 567,961 + equity 599,985 + all other 0 = 1,167,946, summed across the director compensation table rows.machine: formula: Σ = 1,167,946
35Prologis, Inc., Section 10b CEO totalDEF 14A2026-03-190001193125-26-115132CEO total compensation as printed in Prologis, Inc.'s own proxy. As printed: 15,190,625. Filing ↗machine: span 926776–926786
36The Macerich Company, Section 10b CEO totalDEF 14A2026-04-220001193125-26-170447CEO total compensation as printed in The Macerich Company's own proxy. As printed: 15,047,450. Filing ↗machine: r3 · c27 · span 743436–743446
37Omega Healthcare Investors, Inc., Section 10b CEO totalDEF 14A2026-04-210001104659-26-045753CEO total compensation as printed in Omega Healthcare Investors, Inc.'s own proxy. As printed: 14,020,475. Filing ↗machine: t146 · r7 · c16 · span 1713701–1713711
38Healthcare Realty Trust Incorporated, Section 10b CEO totalDEF 14A2026-04-070001360604-26-000032CEO total compensation as printed in Healthcare Realty Trust Incorporated's own proxy. As printed: 12,855,422. Filing ↗machine: r2 · c21 · span 598192–598203
39Agree Realty Corporation, Section 10b CEO totalDEF 14A2026-04-020000917251-26-000031CEO total compensation as printed in Agree Realty Corporation's own proxy. As printed: 10,957,876. Filing ↗machine: t90 · r2 · c21 · span 720296–720306
40Rexford Industrial Realty, Inc., Section 10b CEO totalDEF 14A2026-04-080001571283-26-000012CEO total compensation as printed in Rexford Industrial Realty, Inc.'s own proxy. As printed: 9,497,183. Filing ↗machine: span 972479–972488
41EastGroup Properties, Inc., Section 10b CEO totalDEF 14A2026-04-100000049600-26-000019CEO total compensation as printed in EastGroup Properties, Inc.'s own proxy. As printed: 9,437,394. Filing ↗machine: r2 · c21 · span 1059338–1059347
42CubeSmart, Section 10b CEO totalDEF 14A2026-04-030001104659-26-039457CEO total compensation as printed in CubeSmart's own proxy. As printed: 9,177,452. Filing ↗
43First Industrial Realty Trust Inc. (subject), Section 10b CEO totalDEF 14A2026-03-300000921825-26-000041CEO total compensation as printed in First Industrial Realty Trust Inc.'s own proxy. As printed: 8,288,366. Filing ↗machine: r2 · c36 · span 508347–508356
44Kite Realty Group Trust, Section 10b CEO totalDEF 14A2026-04-010001286043-26-000024CEO total compensation as printed in Kite Realty Group Trust's own proxy. As printed: 7,882,883. Filing ↗machine: r2 · c6 · span 1509426–1509435
45LXP Industrial Trust, Section 10b CEO totalDEF 14A2026-04-030000910108-26-000015CEO total compensation as printed in LXP Industrial Trust's own proxy. As printed: 6,645,384. Filing ↗machine: t65 · r2 · c15 · span 653567–653576
46STAG Industrial, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-031046CEO total compensation as printed in STAG Industrial, Inc.'s own proxy. As printed: 5,881,152. Filing ↗machine: span 1074440–1074449
47Terreno Realty Corporation, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116759CEO total compensation as printed in Terreno Realty Corporation's own proxy. As printed: 5,413,998. Filing ↗machine: t94 · r2 · c23 · span 345620–345629
48Brixmor Property Group Inc., Section 10b CEO totalDEF 14A2026-03-110001104659-26-026381CEO total compensation as printed in Brixmor Property Group Inc.'s own proxy. As printed: 3,735,474. Filing ↗machine: r4 · c27 · span 957466–957475
49Americold Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-080001628280-26-024250CEO total compensation as printed in Americold Realty Trust, Inc.'s own proxy. As printed: 3,524,308. Filing ↗machine: r2 · c24 · span 788554–788563
50Industrial Logistics Properties Trust, Section 10b CEO totalDEF 14A2026-03-180001104659-26-030928CEO total compensation as printed in Industrial Logistics Properties Trust's own proxy. As printed: 153,326. Filing ↗machine: t85 · r1 · c29 · span 802743–802750
51Section 10a, Healthcare Realty Trust Incorporated reciprocityDEF 14A—0001360604-26-000032Healthcare Realty Trust Incorporated's most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
52Section 10a, Kite Realty Group Trust reciprocityDEF 14A—0001286043-26-000024Kite Realty Group Trust's most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
53Section 10a, STAG Industrial, Inc. reciprocityDEF 14A—0001104659-26-031046STAG Industrial, Inc. names First Industrial Realty Trust Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
54Section 10a, CubeSmart reciprocityDEF 14A—0001104659-26-039457CubeSmart's most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
55Section 10a, EastGroup Properties, Inc. reciprocityDEF 14A—0000049600-26-000019EastGroup Properties, Inc. names First Industrial Realty Trust Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
56Section 10a, LXP Industrial Trust reciprocityDEF 14A—0000910108-26-000015LXP Industrial Trust names First Industrial Realty Trust Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
57Section 10a, Omega Healthcare Investors, Inc. reciprocityDEF 14A—0001104659-26-045753Omega Healthcare Investors, Inc.'s most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
58Section 10a, Rexford Industrial Realty, Inc. reciprocityDEF 14A—0001571283-26-000012Rexford Industrial Realty, Inc.'s most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
59Section 10a, Terreno Realty Corporation reciprocityDEF 14A—0001193125-26-116759Terreno Realty Corporation names First Industrial Realty Trust Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Industrial Logistics Properties Trust reciprocityDEF 14A—0001104659-25-025603Industrial Logistics Properties Trust's most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
61Section 10a, Prologis, Inc. reciprocityDEF 14A—0001193125-26-115132Prologis, Inc.'s most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
62Section 10a, Brixmor Property Group Inc. reciprocityDEF 14A—0001104659-26-026381Brixmor Property Group Inc.'s most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
63Section 10a, The Macerich Company reciprocityDEF 14A—0001193125-26-170447The Macerich Company's most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗
64Section 10a, Americold Realty Trust, Inc. reciprocityDEF 14A—0001628280-26-024250Americold Realty Trust, Inc. names First Industrial Realty Trust Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, Agree Realty Corporation reciprocityDEF 14A—0000917251-26-000031Agree Realty Corporation's most recent proxy was read; its disclosed peer group does not include First Industrial Realty Trust Inc.. Filing ↗

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