Filing Details
- Accession Number:
- 0001571283-24-000049
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-09-11 17:52:05
- Reporting Period:
- 2024-09-09
- Accepted Time:
- 2024-09-11 17:52:05
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1571283 | Rexford Industrial Realty Inc. | REXR | Real Estate Investment Trusts (6798) | 462024407 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1823297 | E Laura Clark | 11620 Wilshire Blvd., Suite 1000 Los Angeles CA 90025 | Chief Financial Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 | Acquisiton | 2024-09-09 | 12,200 | $0.00 | 14,185 | No | 4 | C | Direct | |
| Common Stock, Par Value $0.01 | Disposition | 2024-09-10 | 14,185 | $50.15 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 | LTIP Units | Disposition | 2024-09-09 | 7,097 | $0.00 | 7,097 | $0.00 |
| Common Stock, Par Value $0.01 | Operating Partnership Units | Acquisiton | 2024-09-09 | 7,097 | $0.00 | 7,097 | $0.00 |
| Common Stock, Par Value $0.01 | Performance Units | Disposition | 2024-09-09 | 5,103 | $0.00 | 5,103 | $0.00 |
| Common Stock, Par Value $0.01 | Operating Partnership Units | Acquisiton | 2024-09-09 | 5,103 | $0.00 | 5,103 | $0.00 |
| Common Stock, Par Value $0.01 | Operating Partnership Units | Disposition | 2024-09-09 | 12,200 | $0.00 | 12,200 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 52,064 | No | 4 | M | Direct | ||
| 7,097 | No | 4 | M | Direct | ||
| 15,053 | No | 4 | M | Direct | ||
| 12,200 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct |
Footnotes
- 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 terms of the Limited Partnership Agreement of the Operating Partnership.
- This transaction was executed in multiple trades at prices ranging from $49.863 to $50.270. 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.
- Represents LTIP Units, a class of limited partnership units in the Operating Partnership, issued as long term incentive compensation subject to time-based vesting pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan (the "Incentive Plan"). Initially, the LTIP 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 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. The 7,097 LTIP Units referred to herein have vested and reached such parity.
- Reflects the conversion of 7,097 vested LTIP Units into 7,097 OP Units.
- n/a
- 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.
- Represents Performance Units, a class of limited partnership units in the Operating Partnership. The Performance Units were initially granted on December 22, 2020, pursuant to the Incentive Plan, and vested on December 31, 2023, based on meeting certain performance-based hurdles. 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. The 5,103 Performance Units referred to herein have vested and reached such parity.
- Reflects the conversion of 5,103 vested Performance Units into 5,103 OP Units.
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