Form 4: Rexford Industrial General Counsel Sells Shares Following Equity Conversion
Insider Transaction Report
Rexford Industrial Realty, Inc.'s General Counsel and Secretary, David E. Lanzer, sold 26,449 shares of common stock after converting performance units and operating partnership units.
Summary
- David E. Lanzer, General Counsel and Secretary of Rexford Industrial Realty, Inc. (REXR), converted 26,449 vested Performance Units into an equal number of Operating Partnership Units (OP Units) on July 17, 2025.
- On the same date, these 26,449 OP Units were redeemed and exchanged into 26,449 shares of Rexford Industrial Realty, Inc. common stock.
- Subsequently, on July 21, 2025, Mr. Lanzer sold all 26,449 shares of common stock at a weighted average price of $36.8675 per share.
- The sale price ranged from $36.72 to $37.03 per share.
- Following these transactions, Mr. Lanzer's direct beneficial ownership of common stock is 0 shares.
- Mr. Lanzer retains ownership of 16,798 Performance Units and 50,332 LTIP Units in the Operating Partnership.
Sentiment
Score: 5
Explanation: The document is a standard insider transaction report (Form 4) detailing the conversion and sale of equity. It does not contain information that inherently indicates positive or negative sentiment for the company's operational performance or future prospects, but rather reflects an individual's financial activity.
Future Outlook
NA
Industry Context
This filing details a routine insider transaction involving the monetization of vested equity compensation by a corporate officer. It does not provide broader insights into industry trends or competitive landscape, but reflects an individual's financial planning.
Stakeholder Impact
- Shareholders: The sale by a key executive could be interpreted by some as a signal, though it is a common practice for executives to monetize vested equity.
Key Dates
| Date | Description |
|---|---|
| 07/17/2025 | Date of conversion of Performance Units to Operating Partnership Units and subsequent exchange into common stock. |
| 07/21/2025 | Date of sale of common stock by David E. Lanzer. |
Keywords
Rexford Industrial Realty, REXR, Insider Trading, Form 4, Stock Sale, Equity Compensation, Performance Units, Operating Partnership Units, David E. Lanzer
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