Peter E. Baccile

President and Chief Executive Officer at FIRST INDUSTRIAL REALTY TRUST

Board

Since December 2016

Age

62 years

Tenure

Joined FR as President in September 2016 and assumed the role of Chief Executive Officer in December 2016.

Also at FIRST INDUSTRIAL REALTY TRUST

JLY

Johannson L. Yap

Chief Investment Officer

JEMR

Jennifer E. Matthews Rice

General Counsel and Secretary

POS

Peter O. Schultz

Executive Vice President – East Region

About

Peter E. Baccile brings over 30 years of management, real estate, and financial expertise, demonstrating a distinguished career with senior leadership roles at major institutions such as J.P. Morgan and UBS Securities.

At FR, he has been serving as President since September 2016 and assumed the role of Chief Executive Officer in December 2016, where his strategic oversight and deep industry knowledge guide the company’s operations and long-term objectives.

Beyond his executive role, his active participation in industry organizations—serving on the executive board of the National Association of Real Estate Investment Trusts and as a past Chairman of The Real Estate Roundtable’s advisory committee—underscores his commitment to advancing the real estate sector.

$FR Performance Under Peter E. Baccile

Past Roles

Organization	Role	Date Range	Details
UBS Securities, LLC	Joint Global Head of the Real Estate, Lodging and Leisure Group	June 2012 - September 2016	Led the investment banking division for real estate, lodging, and leisure
J.P. Morgan	Various Senior Leadership Roles including Vice Chairman of J.P. Morgan Securities Inc., Co-Head of the General Industries Investment Banking Coverage Group, and Global Head of Real Estate, Lodging and Gaming Investment Banking Group (10 years)	26-year Tenure	Held multiple significant roles over 26 years, demonstrating extensive expertise in real estate and investment banking

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$836,000	Annual	Fixed base pay.
Monthly Automobile Allowance	$800 per month / $9,600 annually	Monthly / Annual	Provided monthly as an automobile allowance.
All Other Compensation	$31,037	Annual	Includes 401(k) matching of $19,800 and insurance premiums of $1,637.
Time-Based Units	22,971 units, $48.00 per unit, total $1,102,608	Vests annually over 3 years	Granted on January 3, 2023 under the 2014 Stock Incentive Plan.

Performance Compensation

Data from FY 2023

Performance Units Details

Metric [Unit/Scale]	Value (2023)
Grant Date	January 3, 2023
Performance Metrics Weights	46% (FTSE Nareit All Equity Index) , 54% (Peer Group)
Vesting Conditions (Threshold)	30th Percentile (50% vesting)
Vesting Conditions (Target)	50th Percentile (100% vesting)
Vesting Conditions (Maximum)	75th Percentile (225% vesting)
Vesting Period / Evaluation	January 1, 2023 to December 31, 2025
Target Units	42,146 units
Maximum Units	94,829 units
Grant Date Fair Value	$2,611,591
Grant Date Stock Price	$48.00 per unit

Additional Detail: Dividend equivalents may be awarded subject to the same conditions.