Frankel Michael S. 4
4 · Rexford Industrial Realty, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Rexford (REXR) Co-CEO Michael S. Frankel Sells 23,132 Shares
What Happened
Michael S. Frankel, Co‑CEO, Co‑President and a director of Rexford Industrial Realty, sold 23,132 shares of Rexford common stock in an open‑market disposition on March 17, 2026. The weighted average sale price was $35.29 per share, for total proceeds of approximately $816,358. This was a sale (disposition), not a purchase or option exercise.
Key Details
- Transaction date: 2026-03-17; Form filed: 2026-03-18 (timely filing).
- Reported price: weighted average $35.29; executed in multiple trades at prices ranging $35.14–$35.45 (per footnote).
- Shares disposed: 23,132; proceeds ≈ $816,358.
- Shares owned after the transaction: not specified for common stock in the filing. The report notes Frankel also beneficially owns 753,991 LTIP Units and 612,967 Performance Units (each are limited partnership units in Rexford Industrial Realty, L.P.).
- No 10b5‑1 plan, tax‑withholding or other special notation was indicated in the filing footnotes.
Context
Sales by executives can be routine (diversification, tax needs, planned sales) and do not by themselves indicate company performance. This filing reports a straightforward open‑market sale; no derivative exercises, gifts or awards are involved. The LTIP and Performance Units referenced are units in the operating partnership (Rexford Industrial Realty, L.P.), not direct common‑share grants.
Insider Transaction Report
- Sale
Common Stock, par value $0.01
[F1][F2]2026-03-17$35.29/sh−23,132$816,358→ 560,406 total
Footnotes (2)
- [F1]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.
- [F2]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.