Form 4: Rexford Industrial Co-CEO Howard Schwimmer Reports Gift of Operating Partnership Units

Rexford Industrial Realty, Inc. Co-CEO Howard Schwimmer reported the disposition of 290 Operating Partnership Units via gift on July 9, 2025.

Summary

• Howard Schwimmer, Co-CEO, Co-President, and Director of Rexford Industrial Realty, Inc. (REXR), filed a Form 4 detailing a transaction involving Operating Partnership Units.
• On July 9, 2025, Schwimmer disposed of 290 Operating Partnership Units (OP Units) through a gift, indicated by Transaction Code 'G', at a price of $0 per unit.
• Following this transaction, Schwimmer directly beneficially owns 76,383 OP Units.
• Indirectly, Schwimmer beneficially owns 45,387 OP Units, comprising 3,385 units held by the Schwimmer Living Trust and 42,002 units held by the Family Trust, for which he serves as a trustee, disclaiming beneficial ownership except to the extent of his pecuniary interest.
• Additionally, Schwimmer's total holdings include 751,019 LTIP Units, 577,616 Performance Units, and 63,788 shares of common stock, with 13,575 shares indirectly owned through the Schwimmer Family Irrevocable Trust.
• Operating Partnership Units are redeemable for cash equal to the market value of one share of common stock, or at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis, and are exchangeable for common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The transaction is a gift of a very small number of units by an insider, which is a routine disclosure and does not significantly alter the overall beneficial ownership or imply strong positive or negative sentiment regarding the company's prospects.

Related Party Transactions

• The disposition of 290 Operating Partnership Units was a gift, and indirect beneficial ownership is held through the Schwimmer Living Trust and the Family Trust, for which the reporting person is a trustee.

Stakeholder Impact

• Minimal direct impact on shareholders due to the small number of units involved in the gift transaction.
• No direct impact on employees, customers, suppliers, or creditors mentioned.

Key Dates

Keywords

Rexford Industrial Realty, REXR, Howard Schwimmer, SEC Form 4, Insider Transaction, Operating Partnership Units, OP Units, Gift, Director, CEO, President, Beneficial Ownership