Form 4 for REXR Rexford Industrial Realty, Inc.
Accepted 2024-09-11 00:00:00 ET · period of report 2024-09-09 · accession 0001571283-24-000049 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-09-11 | 2024-09-10 | REXR | CLARK LAURA E | CFO | S - Sale | $50.15 | -14.2K | 0 | -100% | -$711.4K |
| D | 2024-09-11 | 2024-09-09 | REXR | CLARK LAURA E | CFO | C - Cnv Deriv | $0.00 | +12.2K | 14.2K | +615% | $0 |
| DM | 2024-09-11 | 2024-09-09 | REXR | CLARK LAURA E | CFO | M - OptEx | $0.00 | 0 | 52.1K | New | $0 |
| D | 2024-09-11 | 2024-09-09 | REXR | CLARK LAURA E | CFO | C - Cnv Deriv | $0.00 | -12.2K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.01 | 2024-09-10 | S | D | 14,185 | $50.15 | 0 | D | — | — | (F2) 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. |
| 2 | Common | Common Stock, par value $0.01 | 2024-09-09 | C | A | 12,200 | $0.00 | 14,185 | D | — | — | |
| 3 | Derivative | Performance Units | 2024-09-09 | M | D | 5,103 | $0.00 | 15,053 | D | — · — to — | 5,103 Common Stock, par value $0.01 | (F7) 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. (F5) n/a |
| 4 | Derivative | Operating Partnership Units | 2024-09-09 | C | D | 12,200 | $0.00 | 0 | D | — · — to — | 12,200 Common Stock, par value $0.01 | (F6) 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. (F5) n/a |
| 5 | Derivative | Operating Partnership Units | 2024-09-09 | M | A | 5,103 | $0.00 | 12,200 | D | — · — to — | 5,103 Common Stock, par value $0.01 | (F6) 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. (F5) n/a |
| 6 | Derivative | Operating Partnership Units | 2024-09-09 | M | A | 7,097 | $0.00 | 7,097 | D | — · — to — | 7,097 Common Stock, par value $0.01 | (F6) 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. (F5) n/a |
| 7 | Derivative | LTIP Units | 2024-09-09 | M | D | 7,097 | $0.00 | 52,064 | D | — · — to — | 7,097 Common Stock, par value $0.01 | (F3) 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. (F5) n/a |