Schwimmer Howard 4
4 · Rexford Industrial Realty, Inc. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Rexford (REXR) Co-CEO Howard Schwimmer Receives Award
What Happened
Howard Schwimmer, Co‑CEO, Co‑President and a director of Rexford Industrial Realty (REXR), was granted 61,058 LTIP Units (a derivative limited partnership interest) on February 19, 2026. The filing reports no per‑unit price or total dollar value (listed as N/A). This was an award/grant (transaction code A), not a market purchase or sale.
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (filed 4 days after the transaction — beyond the typical two‑business‑day Form 4 deadline).
- Security and amount: 61,058 LTIP Units (derivative units); price/value: N/A.
- Vesting/status: Footnote indicates the LTIP Units issued pursuant to the plan are fully vested and nonforfeitable as of February 19, 2026.
- Holdings after transaction (per filing footnotes): 61,058 LTIP Units (new), plus previously reported 657,712 Performance Units, 119,320 OP Units, and 624,194 Shares. Some OP Units and Shares are held in trusts for which the Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest.
- Transaction code: A = Award/Grant; derivative transaction (not an open‑market buy/sell).
Context
- What LTIP Units mean: LTIP Units are limited partnership units in Rexford Industrial Realty, L.P. They initially may not have full parity with common OP Units but can over time achieve parity; if parity is reached, vested LTIP Units can be converted one‑for‑one into OP Units. OP Units can be redeemed for an equivalent number of Rexford common shares or cash (issuer’s election).
- Interpretation for investors: This is an equity compensation award and not a purchase/sale of shares. No dollar amount was reported, so market exposure from this grant isn’t directly quantifiable from the filing.
Insider Transaction Report
Form 4
Schwimmer Howard
DirectorCo-CEO, Co-President
Transactions
- Award
LTIP Units
[F1][F2][F3]2026-02-19+61,058→ 812,077 total→ Common Stock, par value $0.01 (61,058 underlying)
Footnotes (3)
- [F1]LTIP Units are a class of limited partnership units in Rexford Industrial Realty, L.P. (the "Operating Partnership"). Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("OP Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock ("Shares") or for the cash value of such shares, at the Issuer's election.
- [F2](Continued from Footnote 1) The LTIP Units issued pursuant to the Third Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan are fully vested and nonforfeitable as of February 19, 2026.
- [F3]The Reporting Person also owns the following securities: (i) 657,712 Performance Units, a class of limited partnership units in the Operating Partnership, (ii) 119,320 OP Units, of which 935 OP Units are held by the Schwimmer Living Trust dated December 14, 2001 (the "Living Trust") of which the Reporting Person is a trustee, and of which 42,002 OP Units are held by the Schwimmer Family Irrevocable Trust (the "Family Trust") of which the Reporting Person is a trustee, and (iii) 624,194 Shares, of which 13,575 Shares are held by the Family Trust of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of the OP Units and Shares held by the Living Trust and the Family Trust, except to the extent of his pecuniary interest therein.
Signature
/s/ Howard Schwimmer|2026-02-23