4//SEC Filing
Khan Adeel 4
Accession 0001209191-19-062305
CIK 0001571283other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 5:04 PM ET
Size
7.4 KB
Accession
0001209191-19-062305
Insider Transaction Report
Form 4
Khan Adeel
Chief Financial Officer
Transactions
- Award
Performance Units
2019-12-28+29,344→ 29,344 total→ Common Stock, par value $0.01 (29,344 underlying)
Footnotes (3)
- [F1]Performance Units are a class of limited partnership units in Rexford Industrial Realty, L.P., the operating partnership of the Issuer (the "Operating Partnership"). Initially, the Performance Units do not have full parity with common limited partnership units of the Operating Partnership ("OP Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the Performance Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested Performance Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock or for the cash value of such shares, at the Issuer's election.
- [F2]Reflects an award of Performance Units that was initially granted on December 29, 2016, pursuant to the Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P 2013 Incentive Award Plan, that was subject to performance-based vesting conditions. On December 28, 2019, the measurement period for the performance award ended and 29,344 Performance Units vested. The number of vested Performance Units reported herein includes 1,594 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 28, 2019.
- [F3]The Reporting Person also owns the following: (i) 5,460 shares of the Issuer's 5.875% Series A Cumulative Redeemable Preferred Stock, (ii) 2,250 shares of the Issuer's 5.875% Series B Cumulative Redeemable Preferred Stock and (iii) 93,950 LTIP Units, a class of limited partnership units in the Operating Partnership.
Documents
Issuer
Rexford Industrial Realty, Inc.
CIK 0001571283
Entity typeother
Related Parties
1- filerCIK 0001581343
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 5:04 PM ET
- Size
- 7.4 KB