CLARK LAURA E 4

Research Summary

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Rexford (REXR) COO Laura Clark Receives 26,305 Performance Units

What Happened
Laura E. Clark, Chief Operating Officer of Rexford Industrial Realty (REXR), was credited with 26,305 Performance Units on 2026-02-16. These are derivative limited partnership units tied to Rexford Industrial Realty, L.P. (the operating partnership) and were reported as an award/grant (code A). There is no cash price for the award; the units represent equity compensation that vested based on a performance measurement period that ended December 31, 2025.

Key Details

  • Transaction date: February 16, 2026 (Form 4 filed Feb 18, 2026) — filing appears timely.
  • Transaction type: Award/Grant of Performance Units (derivative equity). Price: N/A.
  • Units awarded and vested: 26,305 Performance Units (includes 1,897 distribution equivalent units). Vested and nonforfeitable as of 12/31/2025.
  • Shares/units owned after transaction: 26,305 vested Performance Units plus 148,420 LTIP Units held by the reporting person.
  • Relevant mechanics: Performance Units can, if parity conditions are met, convert one-for-one into OP Units; OP Units are redeemable for Rexford common shares or cash at the issuer’s election.
  • No indication of a 10b5-1 plan, tax withholding sale, or late filing noted in the Form 4.

Context
Performance Units are a form of long-term, performance-based equity compensation rather than an open-market purchase or sale. They become economically meaningful if/when they convert to OP Units and then to common shares or cash under the partnership agreement. This award reflects vested compensation from the 2022 grant that met the committee-certified performance outcomes for the 2025 measurement period.