0001209191-23-007944.txt : 20230208
0001209191-23-007944.hdr.sgml : 20230208
20230208210714
ACCESSION NUMBER: 0001209191-23-007944
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230206
FILED AS OF DATE: 20230208
DATE AS OF CHANGE: 20230208
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: 23600824
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
2023-02-06
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
2023-02-06
4
A
0
546
A
Common Stock, par value $0.01
546
472724
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 initially certified that 106,484 Performance Units were earned and vested, including 4,759 distribution equivalent units. On February 6, 2023, the compensation committee of the board of directors certified that an additional 546 distribution equivalents were earned and vested. These additional distribution equivalents, which are vested Performance Units, are nonforfeitable as of December 31, 2022.
The Reporting Person also owns 449,106 LTIP Units, a class of limited partnership units in the Operating Partnership.
/s/ Michael S. Frankel
2023-02-08