Rexford (REXR) COO discloses LTIP grant, vesting and share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Rexford Industrial Realty, Inc. filed an initial ownership report for Chief Operating Officer John Nahas, detailing his equity interests in the company and its operating partnership. This filing does not show any recent share purchases or sales, only current holdings and award terms.
Nahas holds LTIP Units in Rexford Industrial Realty, L.P. that are economically tied to 25,190 underlying shares of common stock, with a stated exercise price of $0.00. He also directly holds 23,260 shares of common stock, issued under the company’s 2013 Incentive Award Plan, of which 17,950 shares are unvested.
The LTIP Units were granted on January 16, 2026 under the plan and can, over time and upon certain conditions in the partnership agreement, achieve full parity with OP Units. Once vested and at parity, they may be converted into OP Units on a one-for-one basis and then redeemed for an equivalent number of Rexford common shares or cash, at the company’s election. The LTIP Units are scheduled to vest in four equal annual installments on January 16 of 2027, 2028, 2029 and 2030, with potential earlier vesting upon certain employment terminations or a change in control as described in the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nahas John
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LTIP Units | -- | -- | -- |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 25,190 shares (Direct);
Common Stock, par value $0.01 — 23,260 shares (Direct)
Footnotes (1)
- All shares of common stock reported were issued pursuant to the Third Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan (the "Plan"). Of the shares reported, 17,950 shares are unvested. LTIP Units are a class of limited partnership units in Rexford Industrial Realty, L.P. (the "Operating Partnership"). Initially, the LTIP 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 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. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock or for the cash value of such shares, at the Issuer's election. (Continued from Footnote 1) Represents LTIP Units granted on January 16, 2026 pursuant to the Plan. The LTIP Units will vest in four equal annual installments on January 16 of 2027, 2028, 2029 and 2030, subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change in control of the Issuer, in each case as described in the applicable award agreement.
Key Figures
Underlying LTIP shares: 25,190 shares
Common shares held: 23,260 shares
Unvested common shares: 17,950 shares
+2 more
5 metrics
Underlying LTIP shares
25,190 shares
Underlying common stock for LTIP Units held by COO
Common shares held
23,260 shares
Direct Rexford common stock held by COO
Unvested common shares
17,950 shares
Portion of COO’s common stock that remains unvested
LTIP exercise price
$0.00
Stated exercise or conversion price for LTIP Units
LTIP vesting schedule start
January 16, 2027
First of four annual vesting dates for LTIP Units
Key Terms
LTIP Units, OP Units, 2013 Incentive Award Plan, change in control
4 terms
LTIP Units financial
"LTIP Units are a class of limited partnership units in Rexford Industrial Realty, L.P."
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
OP Units financial
"Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("OP Units")"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
2013 Incentive Award Plan financial
"All shares of common stock reported were issued pursuant to the Third Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan"
change in control financial
"subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What does Rexford Industrial (REXR) disclose about COO John Nahas’s equity holdings?
Rexford Industrial reports that COO John Nahas holds 25,190 LTIP Units tied to common stock and 23,260 shares of common stock. All were issued under the company’s 2013 Incentive Award Plan, providing him with both direct shares and partnership-based equity exposure.
What are LTIP Units reported for Rexford Industrial (REXR) COO John Nahas?
LTIP Units are a class of limited partnership units in Rexford Industrial Realty, L.P. Initially they lack full parity with OP Units, but upon specified events they can gain parity and, once vested, be converted into OP Units and then redeemed for Rexford common stock or cash.
When do John Nahas’s Rexford (REXR) LTIP Units vest according to the filing?
The LTIP Units granted to John Nahas on January 16, 2026 vest in four equal annual installments on January 16 of 2027, 2028, 2029 and 2030. They may vest earlier upon certain employment terminations or a change in control under the applicable award agreement.
Can Rexford (REXR) LTIP Units held by COO John Nahas convert into common stock?
Yes. If the LTIP Units achieve full parity with OP Units under the partnership agreement and are vested, they may be converted into an equal number of OP Units. Those OP Units are redeemable for an equivalent number of Rexford common shares or cash, at the company’s election.