REXFORD INDUSTRIAL REALTY, INC. (NYSE:REXR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Directors of Rexford Industrial Realty, Inc. (the Company)
approved the grant under the Rexford Industrial Realty, Inc. and
Rexford Industrial Realty, L.P. 2013 Incentive Award Plan to
Messrs. Schwimmer, Frankel and Khan (collectively, the
executives) of LTIP Units of the Operating Partnership (LTIP
Units) and Performance Units of the Operating Partnership
(Performance Units) (collectively, the awards).
each of the executives.
|
Name
|
Total LTIP Units
|
|
Howard Schwimmer
|
44,034
|
|
Michael Frankel
|
44,034
|
|
Adeel Khan
|
28,622
|
awarded to each of the executives, as well as the number of
Performance Units that constitute absolute TSR base units and
relative TSR base units. The number of Performance Units awarded
in excess of the sum of the absolute TSR base units and relative
TSR base units represent distribution equivalent units that will
vest, if at all, following the end of the Performance Period
based upon the number of absolute TSR base units and relative TSR
base units that become vested in accordance with their terms.
|
Name
|
Total Performance Units
|
Absolute TSR Base Units
|
Relative TSR Base Units
|
|
Howard Schwimmer
|
84,575
|
31,450
|
47,175
|
|
Michael Frankel
|
84,575
|
31,450
|
47,175
|
|
Adeel Khan
|
29,850
|
11,100
|
16,650
|
consistent with the terms and conditions of the LTIP Units and
Performance Units granted to the executives on December 15, 2015,
as described in the Companys Current Report on Form 8-K filed on
December 21, 2015. The description of these awards is subject to
and qualified in its entirety by the terms of the forms of
Time-Based LTIP Unit Agreement and the OPP Performance Unit
Agreement filed as Exhibit 10.2 and Exhibit 10.3, respectively,
with the Companys Current Report on Form 8-K on December 21,
2015.
About REXFORD INDUSTRIAL REALTY, INC. (NYSE:REXR)
Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. The Company’s consolidated portfolio consisted of approximately 119 properties with over 12.0 million rentable square feet. The Company also owns interest in a joint venture (the JV) that indirectly owns one property with approximately 0.5 million square feet, which it also manages. The Company manages an additional 19 properties with approximately 1.2 million rentable square feet. The Company’s properties are concentrated in various industries, such as wholesale and retail, light manufacturing, industrial equipment and components, warehousing and storage, food and beverage, business services, construction, automotive, paper and printing, pharmaceuticals and healthcare. REXFORD INDUSTRIAL REALTY, INC. (NYSE:REXR) Recent Trading Information
REXFORD INDUSTRIAL REALTY, INC. (NYSE:REXR) closed its last trading session up +0.18 at 24.15 with 332,248 shares trading hands.
