80,096 performance units vest for Rexford (REXR) Co-CEO Frankel

Rhea-AI Filing Summary

Rexford Industrial Realty, Inc. director and Co-CEO/Co-President Michael S. Frankel reported an acquisition of 80,096 Performance Units on February 16, 2026, when the compensation committee certified these units as earned and vested following a performance period that ended on December 31, 2025.

These Performance Units are limited partnership units in Rexford Industrial Realty, L.P. that can, upon reaching full parity with OP Units, be converted one-for-one into OP Units and then redeemed for either an equivalent number of common shares or cash, at the issuer’s election. The vested amount includes 5,775 distribution equivalent units. Footnotes also state that Frankel owns 583,538 common shares and 692,933 LTIP Units in the operating partnership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Frankel Michael S.

Role Co-CEO, Co-President

Type	Security	Shares	Price	Value
Grant/Award	Performance Units	80,096	$0.00	--

Holdings After Transaction: Performance Units — 612,967 shares (Direct)

Footnotes (1)

1. Performance Units are a class of limited partnership units in Rexford Industrial Realty, L.P., the operating partnership of the Issuer (the "Operating Partnership"). Initially, the Performance 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 Performance Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested Performance 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. Reflects Performance Units that were initially granted on November 8, 2022, pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P 2013 Incentive Award Plan, that were subject to performance-based vesting conditions. On December 31, 2025, the measurement period for the performance award ended and on February 16, 2026, the compensation committee of the board of directors certified that 80,096 Performance Units were earned and vested. The number of vested Performance Units reported herein includes 5,775 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 31, 2025. The Reporting Person also owns 583,538 Shares and 692,933 LTIP Units, a class of limited partnership units in the Operating Partnership.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Frankel Michael S.

(Last) (First) (Middle)

11620 WILSHIRE BOULEVARD

SUITE 1000

(Street)

LOS ANGELES CA 90025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rexford Industrial Realty, Inc. [ REXR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-CEO, Co-President

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Units(1)	(1)	02/16/2026		A		80,096(2)		(1)(2)	(1)(2)	Common Stock, par value $0.01	80,096	(1)(2)	612,967(3)	D

Explanation of Responses:

1. Performance Units are a class of limited partnership units in Rexford Industrial Realty, L.P., the operating partnership of the Issuer (the "Operating Partnership"). Initially, the Performance 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 Performance Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested Performance 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.

2. Reflects Performance Units that were initially granted on November 8, 2022, pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P 2013 Incentive Award Plan, that were subject to performance-based vesting conditions. On December 31, 2025, the measurement period for the performance award ended and on February 16, 2026, the compensation committee of the board of directors certified that 80,096 Performance Units were earned and vested. The number of vested Performance Units reported herein includes 5,775 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 31, 2025.

3. The Reporting Person also owns 583,538 Shares and 692,933 LTIP Units, a class of limited partnership units in the Operating Partnership.

Remarks:

	/s/ Michael S. Frankel	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Rexford Industrial (REXR) report for Michael S. Frankel?

Michael S. Frankel reported acquiring 80,096 Performance Units. These units were certified as earned and vested by the compensation committee on February 16, 2026, following completion of a performance measurement period that ended on December 31, 2025.

How many Rexford Industrial (REXR) Performance Units vested for Michael S. Frankel?

A total of 80,096 Performance Units vested for Michael S. Frankel. This figure includes 5,775 distribution equivalent units and represents performance-based awards that were earned after the measurement period ended on December 31, 2025 and were certified on February 16, 2026.

What are Performance Units in Rexford Industrial (REXR) and how can they convert?

Performance Units are limited partnership units in Rexford Industrial Realty, L.P. They may achieve parity with OP Units and, once vested, can be converted one-for-one into OP Units, which are redeemable for common shares or cash at the issuer’s election.

When did the performance period end for Michael S. Frankel’s Rexford (REXR) award?

The performance measurement period for Michael S. Frankel’s Performance Units ended on December 31, 2025. On February 16, 2026, the compensation committee certified that 80,096 Performance Units tied to that award were earned and vested under the plan’s performance conditions.

What other Rexford Industrial (REXR) equity interests does Michael S. Frankel hold?

In addition to the reported Performance Units, Michael S. Frankel also owns 583,538 shares of Rexford Industrial common stock and 692,933 LTIP Units, which are another class of limited partnership units in Rexford Industrial Realty, L.P., according to the disclosed footnote.

How were Michael S. Frankel’s Rexford (REXR) Performance Units originally granted?

The Performance Units were initially granted on November 8, 2022 under the Second Amended and Restated 2013 Incentive Award Plan. They were subject to performance-based vesting conditions, and later 80,096 units, including distribution equivalents, were certified as earned and nonforfeitable as of December 31, 2025.