First Industrial Realty Trust (FR) executive compensation, 2026 proxy

Peter E. Baccile, President and Chief Executive Officer, was paid $8.3M in 2025, up 25% from $6.6M the year before. The CEO-to-median-employee pay ratio was 52:1, on median employee pay of $158,762.

Filed
March 30, 2026
Annual meeting
April 30, 2026
Pay year
2025
Named executives
5
CEO total pay
$8.3M+25% vs prior year
CEO to median employee
52:1median $158,762
CEO pay in equity
63%$5.2M in awards
CEO Target Bonus Percentage
200%Multiplier applied to base salary
CEO At-Risk Percentage
86%Performance-based compensation share
Median Employee Pay
$158,762Annual total compensation
CEO Pay Ratio
52:1Ratio to median employee

How Baccile was paid

$8.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary11%Stock awards63%Non-equity incentive25%All other compensation0%

Named executive officers

ExecutiveTotal
Peter E. BaccilePresident and Chief Executive Officer$8,288,366
Johannson L. YapChief Investment Officer and Executive Vice President — West Region$3,947,045
Scott A. MusilChief Financial Officer$2,418,309
Peter O. SchultzExecutive Vice President — East Region$3,137,071
Jennifer E. Matthews RiceGeneral Counsel and Secretary$1,568,871

What changed and why

  • $8.3MCEO total compensation increased to $8,288,366 in 2025 compared to $6,617,506 in 2024.
  • $935KBase salary for the CEO was set at $935,000 for the year.
  • $2.1MNon-equity incentive compensation payout was $2,113,000 for the CEO based on performance goals.
  • $5.2MStock awards granted to the CEO totaled $5,212,199 consisting of time-based and performance units.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.