Form 4: Rexford Industrial Realty Co-CEO Howard Schwimmer Reports Gift of Shares
SEC Form 4 Filing
Howard Schwimmer, Co-CEO and Co-President of Rexford Industrial Realty, reported a gift of 189 shares of common stock on March 8, 2024.
Summary
- On March 8, 2024, Howard Schwimmer, Co-CEO and Co-President of Rexford Industrial Realty, Inc. (REXR), reported a transaction involving the company's common stock.
- Schwimmer gifted 189 shares of common stock.
- Following the transaction, Schwimmer directly owns 50,673 shares of Rexford Industrial Realty, Inc.
- Schwimmer also indirectly owns 159,039 OP Units, 593,508 LTIP Units, 528,547 Performance Units and 13,575 shares through various trusts, but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 2001-12-14 | Date of the Schwimmer Living Trust |
| 2024-03-08 | Date of transaction: Gift of 189 shares of common stock |
| 2024-03-12 | Date of signature on the Form 4 filing |
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