4//SEC Filing
Lanzer David E. 4
Accession 0001628280-25-035487
CIK 0001571283other
Filed
Jul 20, 8:00 PM ET
Accepted
Jul 21, 7:25 PM ET
Size
14.8 KB
Accession
0001628280-25-035487
Insider Transaction Report
Form 4
Lanzer David E.
General Counsel & Secretary
Transactions
- Conversion
Common Stock, par value $0.01
2025-07-17+26,449→ 26,449 total - Exercise/Conversion
Operating Partnership Units
2025-07-17+26,449→ 26,449 total→ Common Stock, par value $0.01 (26,449 underlying) - Sale
Common Stock, par value $0.01
2025-07-21$36.87/sh−26,449$975,109→ 0 total - Conversion
Operating Partnership Units
2025-07-17−26,449→ 0 total→ Common Stock, par value $0.01 (26,449 underlying) - Exercise/Conversion
Performance Units
2025-07-17−26,449→ 16,798 total→ Common Stock, par value $0.01 (26,449 underlying)
Footnotes (7)
- [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]This transaction was executed in multiple trades at prices ranging from $36.72 to $37.03. 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]Performance Units are a class of limited partnership units in Operating Partnership. 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. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock or for the cash value of such shares, at the Issuer's election. The 26,449 Performance Units referred to herein have vested and reached such parity.
- [F4]Reflects the conversion of 26,449 vested Performance Units into 26,449 OP Units.
- [F5]n/a
- [F6]The Reporting Person also owns 50,332 LTIP Units, a class of limited partnership units in the Operating Partnership.
- [F7]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 0001670779
Filing Metadata
- Form type
- 4
- Filed
- Jul 20, 8:00 PM ET
- Accepted
- Jul 21, 7:25 PM ET
- Size
- 14.8 KB