0001209191-23-003206.txt : 20230112 0001209191-23-003206.hdr.sgml : 20230112 20230112214257 ACCESSION NUMBER: 0001209191-23-003206 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: Frankel Michael S. CENTRAL INDEX KEY: 0001581342 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36008 FILM NUMBER: 23527041 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 0001581342 Frankel Michael S. 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 owns 429,739 LTIP Units, a class of limited partnership units in the Operating Partnership. /s/ Cher Riban, as attorney-in-fact 2023-01-12