4//SEC Filing
Schwimmer Howard 4
Accession 0001581296-25-000002
CIK 0001571283other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 9:30 PM ET
Size
8.1 KB
Accession
0001581296-25-000002
Insider Transaction Report
Form 4
Schwimmer Howard
DirectorCo-CEO, Co-President
Transactions
- Award
Performance Units
2025-01-14+49,069→ 577,616 total→ Common Stock, par value $0.01 (49,069 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 23, 2021, pursuant to the Second 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, 2024, the measurement period for the performance award ended and on January 14, 2025, the compensation committee of the board of directors certified that 49,069 Performance Units were earned and vested. The number of vested Performance Units reported herein includes 2,940 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 31, 2024.
- [F3]The Reporting Person also owned the following securities: (i) 680,507 LTIP Units, a class of limited partnership units in the Operating Partnership, (ii) 125,660 OP Units, of which 7,275 OP Units are held by the Schwimmer Living Trust dated December 14, 2001 (the "Living Trust") of which the Reporting Person is a trustee, and of which 42,002 OP Units are held by the Schwimmer Family Irrevocable Trust (the "Family Trust") of which the Reporting Person is a trustee, and (iii) 64,038 Shares, of which 13,575 Shares are held by the Family Trust of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of the OP Units and Shares held by the Living Trust and the Family Trust, except to the extent of his pecuniary interest therein.
Documents
Issuer
Rexford Industrial Realty, Inc.
CIK 0001571283
Entity typeother
Related Parties
1- filerCIK 0001581296
Filing Metadata
- Form type
- 4
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 9:30 PM ET
- Size
- 8.1 KB