Schwimmer Howard 4

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.