Rexford Industrial (REXR) insider awarded restricted stock with 2026 vesting
Rhea-AI Filing Summary
Rexford Industrial Realty, Inc. (REXR) reported an equity award to a senior insider who serves as a director and as Co-CEO and Co-President. On November 17, 2025, the insider acquired 560,406 shares of restricted common stock at a price of $0 under the company’s 2013 Incentive Award Plan. These shares will vest only if several conditions are met, including continued service with the company through March 31, 2026 (or certain earlier termination without cause), compliance with a Transition and Separation Agreement dated November 17, 2025, and execution and non-revocation of a defined Supplemental Release. After this grant, the insider directly holds 560,406 common shares and also holds 692,933 LTIP Units and 613,121 Performance Units in the operating partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 560,406 | $0.00 | -- |
Footnotes (1)
- Represents shares of restricted common stock issued to the Reporting Person as pursuant to the Third Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan. Vesting of these shares is subject to (i) continued service of the Reporting Person with the Issuer through March 31, 2026 (or, if earlier, through the date the Issuer terminates the employment of the Reporting Person without cause), (ii) compliance by the Reporting Person with the terms of the Transition and Separation Agreement entered into on November 17, 2025 between the Issuer and the Reporting Person, and (iii) execution and non-revocation of the Supplemental Release (as defined in the Transition and Separation Agreement). These shares will vest on the date on which the Supplemental Release becomes effective. The Reporting Person also owns the following securities: (i) 692,933 LTIP Units, a class of limited partnership units in the Operating Partnership and (ii) 613,121 Performance Units, a class of limited partnership units in the Operating Partnership.