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AI brief of an SEC Form 8-K · First Industrial Realty Trust (FR)

First Industrial Realty Trust sets 2025 employee bonus plan tied to FFO and NOI

Neutral Impact 2 of 5 shareholder Written later

On March 19, 2025, the board approved performance criteria for a 2025 employee bonus pool that covers the CEO and certain senior executives. Payouts depend on FFO per share, same store NOI growth, and discretionary goals, with the overall payout capped at 115%.

Key points

  • Board ratified the 2025 Employee Bonus Plan criteria on March 19, 2025
  • Weightings: 55% FFO per share, 30% same store NOI growth, 15% discretionary objectives
  • Individual categories can reach 125% of opportunity, but the overall payout is capped at 115%

The filing

CompanyFirst Industrial Realty Trust (FR)
Form8-K, current report
Filed with the SECMar 21, 2025, 4:07 PM ET
Accession number0000921825-25-000026

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 21, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.