4//SEC Filing
CLARK LAURA E 4
Accession 0001209191-23-043594
CIK 0001571283other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 9:00 PM ET
Size
13.3 KB
Accession
0001209191-23-043594
Insider Transaction Report
Form 4
CLARK LAURA E
Chief Operating Officer
Transactions
- Conversion
Common Stock, par value $0.01
2023-07-25+7,410→ 9,972 total - Conversion
Operating Partnership Units
2023-07-25−7,410→ 0 total→ Common Stock, par value $0.01 (7,410 underlying) - Exercise/Conversion
LTIP Units
2023-07-25−7,410→ 36,226 total→ Common Stock, par value $0.01 (7,410 underlying) - Exercise/Conversion
Operating Partnership Units
2023-07-25+7,410→ 7,410 total→ Common Stock, par value $0.01 (7,410 underlying)
Footnotes (5)
- [F1]Represents common units of limited partnership interest ("OP Units") of Rexford Industrial Realty, L.P. (the "Operating Partnership") tendered by the Reporting Person for redemption and exchange into common stock of the Issuer in accordance with the Operating Partnership's partnership agreement.
- [F2]Represents LTIP Units, a class of limited partnership units in the Operating Partnership, issued as long term incentive compensation subject to time-based vesting pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan. Initially, the LTIP Units do not have full parity with OP Units with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested LTIP 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. The 7,410 LTIP Units referred to herein have vested and reached such parity.
- [F3]Reflects the conversion of 7,410 vested LTIP Units into 7,410 OP Units.
- [F4]n/a
- [F5]Represents OP Units in the Operating Partnership. The Issuer is the general partner of the Operating Partnership. OP Units are redeemable for cash equal to the then-current market value of one share of common stock, or at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis.
Documents
Issuer
Rexford Industrial Realty, Inc.
CIK 0001571283
Entity typeother
Related Parties
1- filerCIK 0001823297
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 9:00 PM ET
- Size
- 13.3 KB