| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | REXR | Performance Units | Award | +89 | +0.29% | 30.9K | Feb 6, 2023 | Common Stock, par value $0.01 | 89 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | 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 17,304 Performance Units were earned and vested, including 773 distribution equivalent units. On February 6, 2023, the compensation committee of the board of directors certified that an additional 89 distribution equivalents were earned and vested. These additional distribution equivalents, which are vested Performance Units, are nonforfeitable as of December 31, 2022. |
| F3 | The Reporting Person also owns 42,876 LTIP Units, a class of limited partnership units in the Operating Partnership. |