0001209191-23-003204.txt : 20230112
0001209191-23-003204.hdr.sgml : 20230112
20230112213719
ACCESSION NUMBER: 0001209191-23-003204
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230110
FILED AS OF DATE: 20230112
DATE AS OF CHANGE: 20230112
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Schwimmer Howard
CENTRAL INDEX KEY: 0001581296
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36008
FILM NUMBER: 23527039
MAIL ADDRESS:
STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 300
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Rexford Industrial Realty, Inc.
CENTRAL INDEX KEY: 0001571283
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 462024407
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 1000
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
BUSINESS PHONE: 310-966-1680
MAIL ADDRESS:
STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 1000
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
FORMER COMPANY:
FORMER CONFORMED NAME: Rexford Industrial, Inc.
DATE OF NAME CHANGE: 20130305
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2023-01-10
0
0001571283
Rexford Industrial Realty, Inc.
REXR
0001581296
Schwimmer Howard
11620 WILSHIRE BOULEVARD
SUITE 1000
LOS ANGELES
CA
90025
1
1
0
0
Co-CEO, Co-President
Performance Units
2023-01-10
4
A
0
106484
A
Common Stock, par value $0.01
106484
472178
D
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.
Reflects Performance Units that were initially granted on December 16, 2019, pursuant to the 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, 2022, the measurement period for the performance award ended and on January 10, 2023, the compensation committee of the board of directors certified that 106,484 Performance Units were earned and vested. The number of vested Performance Units reported herein includes 4,759 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 31, 2022.
The Reporting Person also owned the following securities: (i) 490,804 LTIP Units, a class of limited partnership units in the Operating Partnership, (ii) 162,139 OP Units, of which 7,275 OP Units are held by the Schwimmer Living Trust dated December 14, 2001 (the "Living Trust") of which the Reporting Person is a trustee, and of which 42,002 OP Units are held by the Schwimmer Family Irrevocable Trust (the "Family Trust") of which the Reporting Person is a trustee, and (iii) 66,295 Shares, of which 13,575 Shares are held by the Family Trust of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of the OP Units and Shares held by the Living Trust and the Family Trust, except to the extent of his pecuniary interest therein.
/s/ Howard Schwimmer
2023-01-12