4//SEC Filing
CLARK LAURA E 4
Accession 0001571283-24-000049
CIK 0001571283other
Filed
Sep 10, 8:00 PM ET
Accepted
Sep 11, 5:52 PM ET
Size
19.9 KB
Accession
0001571283-24-000049
Insider Transaction Report
Form 4
CLARK LAURA E
Chief Operating Officer
Transactions
- Exercise/Conversion
Performance Units
2024-09-09−5,103→ 15,053 total→ Common Stock, par value $0.01 (5,103 underlying) - Conversion
Operating Partnership Units
2024-09-09−12,200→ 0 total→ Common Stock, par value $0.01 (12,200 underlying) - Exercise/Conversion
LTIP Units
2024-09-09−7,097→ 52,064 total→ Common Stock, par value $0.01 (7,097 underlying) - Sale
Common Stock, par value $0.01
2024-09-10$50.15/sh−14,185$711,342→ 0 total - Conversion
Common Stock, par value $0.01
2024-09-09+12,200→ 14,185 total - Exercise/Conversion
Operating Partnership Units
2024-09-09+7,097→ 7,097 total→ Common Stock, par value $0.01 (7,097 underlying) - Exercise/Conversion
Operating Partnership Units
2024-09-09+5,103→ 12,200 total→ Common Stock, par value $0.01 (5,103 underlying)
Footnotes (8)
- [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 terms of the Limited Partnership Agreement of the Operating Partnership.
- [F2]This transaction was executed in multiple trades at prices ranging from $49.863 to $50.270. The price reported above reflects the weighted average sale price. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- [F3]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 (the "Incentive 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 7,097 LTIP Units referred to herein have vested and reached such parity.
- [F4]Reflects the conversion of 7,097 vested LTIP Units into 7,097 OP Units.
- [F5]n/a
- [F6]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.
- [F7]Represents Performance Units, a class of limited partnership units in the Operating Partnership. The Performance Units were initially granted on December 22, 2020, pursuant to the Incentive Plan, and vested on December 31, 2023, based on meeting certain performance-based hurdles. Initially, the Performance 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 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. The 5,103 Performance Units referred to herein have vested and reached such parity.
- [F8]Reflects the conversion of 5,103 vested Performance Units into 5,103 OP Units.
Documents
Issuer
Rexford Industrial Realty, Inc.
CIK 0001571283
Entity typeother
Related Parties
1- filerCIK 0001823297
Filing Metadata
- Form type
- 4
- Filed
- Sep 10, 8:00 PM ET
- Accepted
- Sep 11, 5:52 PM ET
- Size
- 19.9 KB