4//SEC Filing
Frankel Michael S. 4
Accession 0001209191-23-003206
CIK 0001571283other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 9:42 PM ET
Size
7.4 KB
Accession
0001209191-23-003206
Insider Transaction Report
Form 4
Frankel Michael S.
DirectorCo-CEO, Co-President
Transactions
- Award
Performance Units
2023-01-10+106,484→ 472,178 total→ Common Stock, par value $0.01 (106,484 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 ("Shares") or for the cash value of such Shares, at the Issuer's election.
- [F2]Reflects Performance Units that were initially granted on December 16, 2019, pursuant to the Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P 2013 Incentive Award Plan, that were subject to performance-based vesting conditions. On December 31, 2022, the measurement period for the performance award ended and on January 10, 2023, the compensation committee of the board of directors certified that 106,484 Performance Units were earned and vested. The number of vested Performance Units reported herein includes 4,759 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 31, 2022.
- [F3]The Reporting Person also owns 429,739 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 0001581342
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 9:42 PM ET
- Size
- 7.4 KB