Form 4: REXR CFO Sells Shares for Tax Withholding

Rexford Industrial Realty CFO Michael Fitzmaurice disposed of 1,397 shares of common stock to cover tax withholdings related to restricted stock vesting.

Summary

• Chief Financial Officer Michael Fitzmaurice of Rexford Industrial Realty, Inc. (REXR) reported an insider transaction.
• On November 18, 2025, Fitzmaurice disposed of 1,397 shares of common stock.
• The shares were surrendered to the issuer at a price of $40.81 per share.
• This disposition was for the payment of tax withholding obligations upon the vesting of 4,294 shares of restricted common stock.
• Following this transaction, Fitzmaurice directly owns 11,483 shares of common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction where shares were surrendered to cover tax obligations upon restricted stock vesting, which is a standard practice and does not indicate a change in company fundamentals or management's outlook.

Positives

• Management continues to hold a significant number of shares (11,483 shares) after the transaction, indicating ongoing alignment with shareholder interests.
• The transaction is a routine, non-discretionary event related to executive compensation, not indicative of a change in management's outlook on the company.

Negatives

• A portion of vested restricted stock was sold, resulting in a minor reduction in the CFO's direct shareholding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: A minor reduction in the CFO's direct shareholding due to tax withholding, but overall insider ownership remains substantial.

Key Dates

Recommendation

The Form 4 filing details a routine, non-discretionary sale of shares by the CFO to cover tax obligations upon restricted stock vesting. This transaction does not reflect a change in the company's operational performance, strategic direction, or the CFO's confidence in the company, and therefore does not warrant a change in investment recommendation.

Keywords

Rexford Industrial Realty, REXR, Michael Fitzmaurice, CFO, Form 4, insider transaction, stock sale, tax withholding, restricted stock