0001209191-24-001647.txt : 20240116 0001209191-24-001647.hdr.sgml : 20240116 20240116174609 ACCESSION NUMBER: 0001209191-24-001647 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240111 FILED AS OF DATE: 20240116 DATE AS OF CHANGE: 20240116 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schwimmer Howard CENTRAL INDEX KEY: 0001581296 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36008 FILM NUMBER: 24536247 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] ORGANIZATION NAME: 05 Real Estate & Construction 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 X0508 4 2024-01-11 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 0 Performance Units 2024-01-11 4 A 0 91328 A Common Stock, par value $0.01 91328 528547 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 22, 2020, 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, 2023, the measurement period for the performance award ended and on January 11, 2024, the compensation committee of the board of directors certified that 91,328 Performance Units were earned and vested. The number of vested Performance Units reported herein includes 4,847 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 31, 2023. The Reporting Person also owned the following securities: (i) 578,168 LTIP Units, a class of limited partnership units in the Operating Partnership, (ii) 159,039 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) 64,437 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 2024-01-16