Michael W. Brennan was a significant stakeholder at First Industrial Realty Trust. As of his departure in October 2008, he held approximately 453,768 shares, which accounted for about 1.1% of the total shares outstanding. His holdings at one point reflected...

Michael W. Brennan was a significant stakeholder at First Industrial Realty Trust. As of his departure in October 2008, he held approximately 453,768 shares, which accounted for about 1.1% of the total shares outstanding. His holdings at one point reflected his confidence in the company's performance, especially as he was heavily invested during his leadership. After several challenging years in the market, he ultimately had substantial value in restricted and common stock that supplied a key component of his exit package. This exit package alone was valued at around $4.4 million at the time, showcasing the impact of traditional compensation structures that reward CEOs based on both salary and stock value. His shares included 167,000 shares which were part of options that were still unexercised. Despite his departure, his financial interests in the company continued to generate significant returns, highlighting the importance of stock ownership for executive leaders.