On March 25, 2026, First Industrial Realty Trust Inc. announced the ratification of its 2026 Employee Bonus Plan by the Board of Directors. This plan establishes an incentive bonus pool aimed at rewarding eligible employees, including the CEO and senior executives, based on performance metrics. The performance metrics are categorized into three key areas: NAREIT funds from operations (FFO) per share, same store net operating income (SS NOI) growth, and discretionary objectives set by the CEO. The Compensation Committee has assigned a weighting factor of 55% to FFO per share, 30% to SS NOI growth, and 15% to discretionary objectives. The plan allows for adjustments to performance metrics to account for non-recurring items and extraordinary events. The overall payout under the plan is capped at 115%, with individual performance categories potentially reaching a maximum threshold of 125%. This structured approach to employee compensation reflects the company's commitment to aligning employee incentives with corporate performance, which is expected to positively influence employee motivation and retention.

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