Rexford (REXR) Co-CEO sells shares, still holds 560,406 common
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rexford Industrial Realty, Inc. Co-CEO and Co-President Michael S. Frankel reported an open-market sale of 23,132 shares of common stock at a weighted average price of $35.2913 per share on March 17, 2026. After this transaction, he directly holds 560,406 common shares. He also separately owns 753,991 LTIP Units and 612,967 Performance Units in Rexford Industrial Realty, L.P., the company’s operating partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,132 shares ($816,358)
Net Sell
1 txn
Insider
Frankel Michael S.
Role
Co-CEO, Co-President
Sold
23,132 shs ($816K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 | 23,132 | $35.2913 | $816K |
Holdings After Transaction:
Common Stock, par value $0.01 — 560,406 shares (Direct)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $35.14 to $35.45. The price reported above reflects the weighted average sale price. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. The Reporting Person also owns 753,991 LTIP Units and 612,967 Performance Units. LTIP Units and Performance Units are each a class of limited partnership units in Rexford Industrial Realty, L.P., the operating partnership of the Issuer.
FAQ
What insider transaction did Rexford Industrial (REXR) report for Michael S. Frankel?
Michael S. Frankel reported selling 23,132 Rexford Industrial common shares in an open-market transaction. The weighted average sale price was $35.2913 per share, based on multiple trades executed between $35.14 and $35.45 on March 17, 2026.
Did the Rexford (REXR) Form 4 include any derivative or partnership units?
Yes. In addition to common shares, Michael S. Frankel owns 753,991 LTIP Units and 612,967 Performance Units. These are classes of limited partnership units in Rexford Industrial Realty, L.P., the operating partnership affiliated with Rexford Industrial Realty, Inc.
What type of SEC Form 4 transaction did Rexford (REXR) disclose?
The filing disclosed a non-derivative open-market sale of common stock, coded as “S.” This indicates a sale in the open market or private transaction, rather than an option exercise, tax withholding, gift, or other non-market-related disposition.