4//SEC Filing
Lanzer David E. 4
Accession 0001670779-24-000010
CIK 0001571283other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 9:33 PM ET
Size
7.1 KB
Accession
0001670779-24-000010
Insider Transaction Report
Form 4
Lanzer David E.
General Counsel & Secretary
Transactions
- Award
LTIP Units
2024-11-16+16,424→ 50,332 total→ Common Stock, par value $0.01 (16,424 underlying)
Footnotes (3)
- [F1]LTIP Units are a class of limited partnership units in Rexford Industrial Realty, L.P. (the "Operating Partnership"). Initially, the LTIP 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 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. 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.
- [F2](Continued from Footnote 1) The LTIP Units, issued pursuant to the Third Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan, will vest 1/3 in equal installments on November 16 of 2025, 2026 and 2027, subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change of control of the Issuer, in each case as described in the award agreement.
- [F3]The Reporting Person also owns 34,188 Performance Units, a class of limited partnership units in the Operating Partnership.
Documents
Issuer
Rexford Industrial Realty, Inc.
CIK 0001571283
Entity typeother
Related Parties
1- filerCIK 0001670779
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 9:33 PM ET
- Size
- 7.1 KB