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

First Industrial Realty Trust sets 2026 employee bonus plan tied to FFO and NOI

Neutral Impact 2 of 5 shareholder Written later

On March 25, 2026, the board ratified the criteria for a 2026 Employee Bonus Plan that will fund awards for eligible employees, including the chief executive officer. Bonuses will depend on FFO per share, same store NOI growth and discretionary objectives, and the overall payout is capped at 115%.

Key points

  • Performance weighting: 55% FFO per share, 30% same store NOI growth, 15% discretionary objectives
  • Individual categories can reach 125% of opportunity, but overall payout is capped at 115%
  • Board ratified the criteria on March 25, 2026; filing dated March 27, 2026

The filing

CompanyFirst Industrial Realty Trust (FR)
Form8-K, current report
Filed with the SECMar 27, 2026, 4:19 PM ET
Accession number0000921825-26-000038

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 27, 2026.

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.