4//SEC Filing
Lanzer David E. 4
Accession 0001670779-25-000002
CIK 0001571283other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 9:33 PM ET
Size
7.4 KB
Accession
0001670779-25-000002
Insider Transaction Report
Form 4
Lanzer David E.
General Counsel & Secretary
Transactions
- Award
Performance Units
2025-01-14+9,059→ 43,247 total→ Common Stock, par value $0.01 (9,059 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 9,059 Performance Units were earned and vested. The number of vested Performance Units reported herein includes 543 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 31, 2024.
- [F3]The Reporting Person also owns 50,332 LTIP 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
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 9:33 PM ET
- Size
- 7.4 KB