REXR Files 4 with SEC
Rhea-AI Filing Summary
Rexford Industrial Realty, Inc. reported that its Chief Operating Officer received an award of 59,873 LTIP Units in Rexford Industrial Realty, L.P. on 12/19/2025 under the company’s 2013 Incentive Award Plan. These LTIP Units are a class of partnership units that can, after certain conditions in the partnership agreement are met, attain full parity with common OP Units and then be converted one-for-one into OP Units, which are redeemable for either common stock or cash at the company’s election.
The LTIP Units will vest in three equal installments on December 19 of 2026, 2027 and 2028, with potential earlier vesting upon specified employment terminations or a change of control, as described in the award agreement. Following this grant, the reporting person beneficially owns 148,420 derivative securities and also holds 28,985 Performance Units in the operating partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 59,873 | $0.00 | -- |
Footnotes (1)
- 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) The LTIP Units, issued pursuant to the Third Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan, will vest 1/3 in equal installments on December 19 of 2026, 2027 and 2028, subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change of control of the Issuer, in each case as described in the award agreement. The Reporting Person also owns 28,985 Performance Units, a class of limited partnership units in the Operating Partnership.