Rexford (NYSE: REXR) Co-CEO earns 80,096 vested Performance Units
Rhea-AI Filing Summary
Rexford Industrial Realty, Inc. Co-CEO and Co-President Howard Schwimmer reported the acquisition of 80,096 Performance Units on February 16, 2026, as a grant/award after performance conditions were met. These units were originally granted on November 8, 2022, under the company’s 2013 Incentive Award Plan.
The measurement period for this performance award ended on December 31, 2025, and the board’s compensation committee certified that 80,096 Performance Units were earned and vested, including 5,775 distribution equivalent units. Following this award, Schwimmer directly holds 657,712 derivative securities of this class.
Performance Units are limited partnership units in Rexford Industrial Realty, L.P. that can, over time and upon specified events, reach parity with OP Units. Once vested and at parity, they may convert one-for-one into OP Units, which are redeemable into an equivalent number of common shares or their cash value at the issuer’s election.
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