Form 4: Rexford Industrial Realty Co-CEO Gifts 3,600 Operating Partnership Units

Howard Schwimmer, Co-CEO and Co-President of Rexford Industrial Realty, Inc., reported gifting 3,600 Operating Partnership Units on June 13, 2025, as disclosed in a recent SEC Form 4 filing.

Summary

• Howard Schwimmer, Co-CEO and Co-President of Rexford Industrial Realty, Inc. (REXR), filed a Form 4 disclosing a transaction.
• On June 13, 2025, Mr. Schwimmer disposed of 3,600 Operating Partnership Units (OP Units) through a gift (Transaction Code 'G').
• The price per unit for this transaction was $0, consistent with a gift.
• Following this transaction, Mr. Schwimmer beneficially owns 45,677 OP Units indirectly and 76,383 OP Units directly.
• The indirect ownership of 45,677 OP Units includes 3,675 units held by the Schwimmer Living Trust and 42,002 units held by the Family Trust, for which Mr. Schwimmer serves as a trustee.
• Mr. Schwimmer disclaims beneficial ownership of these indirectly held OP Units, except to the extent of his pecuniary interest.
• OP Units are common units of limited partnership interest in Rexford Industrial Realty, L.P., exchangeable for cash or shares of the Issuer's common stock on a one-for-one basis.
• Additionally, Mr. Schwimmer holds 751,019 LTIP Units, 577,616 Performance Units, and 63,788 shares of common stock, with 13,575 common shares indirectly owned by the Family Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. A gift of units by an insider is a personal transaction and does not inherently reflect positively or negatively on the company's operational or financial performance. It's a routine disclosure of a change in beneficial ownership.

Positives

• The Co-CEO retains significant beneficial ownership in the company, including direct and indirect OP Units, LTIP Units, Performance Units, and common stock, indicating continued alignment with shareholder interests.

Negatives

• The transaction represents a disposition of 3,600 Operating Partnership Units from the Co-CEO's beneficial ownership.

Future Outlook

N/A

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects a change in personal holdings of a key executive within the real estate investment trust (REIT) sector.

Related Party Transactions

• The disposition of 3,600 OP Units was a gift to trusts (Schwimmer Living Trust and Family Trust) for which the reporting person, Howard Schwimmer, is a trustee. He disclaims beneficial ownership except for his pecuniary interest.

Stakeholder Impact

• Shareholders: Minimal direct impact from this specific transaction, as it is a personal gift by an executive and not a sale into the open market. The executive retains substantial holdings, indicating continued alignment.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction.

Key Dates

Keywords

Rexford Industrial Realty, REXR, Howard Schwimmer, SEC Form 4, Insider Transaction, Operating Partnership Units, OP Units, Stock Ownership, Corporate Governance, Real Estate Investment Trust, REIT