STOCKERT DAVID P 4
Research Summary
AI-generated summary
Rexford (REXR) Director David P. Stockert Receives 4,855-Share Award
What Happened
David P. Stockert, a director of Rexford Industrial Realty, Inc. (REXR), was granted 4,855 shares of restricted common stock on May 19, 2026. The shares were issued at $0.00 (standard for restricted stock awards) for a total reported acquisition value of $0. This is a compensation award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: May 19, 2026; Form 4 filed May 21, 2026 (appears timely under Form 4 rules).
- Shares granted: 4,855 restricted common shares; price reported: $0.00; total value reported: $0.
- Vesting: Award vests in full on the earlier of the next annual meeting or the first anniversary of the grant date (May 19, 2027), subject to continued service (per footnote).
- Shares owned after transaction: Not disclosed in this filing.
- Transaction type: Award/Grant (A) — director compensation, not a market buy or sale.
Context
This award is part of Rexford’s Non-Employee Director Compensation Program and is typical for non-employee directors as deferred/restricted equity compensation. Such grants compensate service and are not direct signals of buying or selling intent; they vest over time and are subject to service conditions.