Schwimmer Howard 4

What Happened
Howard Schwimmer, Co‑Chief Executive Officer, Co‑President and a director of Rexford Industrial Realty (REXR), was granted/received 80,096 Performance Units (derivative award) that vested. The filing shows no cash price per unit (award/derivative). These Performance Units include 5,775 distribution equivalent units and became nonforfeitable as of December 31, 2025; the compensation committee certified vesting on February 16, 2026.

Key Details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (timely filing).
• Security: 80,096 Performance Units (derivative award; code A). Price: N/A (award).
• Award includes 5,775 distribution equivalent units; vested as of 12/31/2025 and certified 2/16/2026.
• Shares/units owned after transaction (per footnote): 751,019 LTIP Units; 119,320 OP Units; 624,194 Shares (some held in trusts; Schwimmer disclaims beneficial ownership of trust-held amounts except for pecuniary interest).
• Vesting/convertibility: Performance Units can convert over time into OP Units on a 1:1 basis if parity is achieved; OP Units are redeemable for Rexford common shares or cash at the issuer's election.

Context

• These Performance Units are compensation that vested based on performance metrics (measurement period ended 12/31/2025). No shares were sold or bought in this filing — it reports earned, vested equity.
• Because these are derivative/award units (not an open‑market purchase or sale), they reflect compensation outcomes rather than a direct insider buy/sell signal.