Form 4: Director Debra L. Morris Receives Rexford Stock Grant
Statement of Changes in Beneficial Ownership
Director Debra L. Morris acquired 4,855 shares of Rexford Industrial Realty, Inc. common stock via a restricted stock grant.
Summary
- Director Debra L. Morris was granted 4,855 shares of common stock on May 19, 2026.
- The shares were issued under the company's Non-Employee Director Compensation Program.
- Following this transaction, the director's total beneficial ownership is 20,766 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized compensation practice for non-employee directors.
Negatives
- None identified.
Risks
- Vesting is subject to the director's continued service to the company.
Future Outlook
The restricted shares are scheduled to vest in full on the earlier of the next annual meeting or May 19, 2027, contingent upon continued service.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard governance practice in the REIT sector to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The grant follows standard industry practices for non-employee director compensation in the industrial REIT sector.
- The vesting schedule is consistent with typical one-year cliff vesting cycles for board equity awards.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Issuance of restricted stock under the Non-Employee Director Compensation Program. | 05/19/2026 | Standard alignment of director incentives with company performance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation.
Next Steps
- Vesting of the 4,855 shares on May 19, 2027, or the date of the next annual meeting.
Key Dates
| Date | Description |
|---|---|
| 05/19/2026 | Date of the restricted stock grant transaction. |
| 05/21/2026 | Date the Form 4 was filed with the SEC. |
| 05/19/2027 | Vesting date for the restricted stock grant. |
Keywords
Rexford Industrial Realty, REXR, Form 4, Insider Transaction, Director Compensation, Equity Grant
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