Form 8-K Filing - Rexford Industrial Realty, Inc. Executive Compensation

Rexford Industrial Realty, Inc. has announced its 2026 executive compensation program, effective December 19, 2025. Key changes include the appointment of Laura Clark as CEO, effective April 1, 2026, and the departure of co-CEOs Michael S. Frankel and Howard Schwimmer on March 31, 2026. The program, developed with advisory services from Ferguson Partners Consulting L.P., includes adjustments to base salaries, an annual cash incentive program with performance metrics such as Core FFO per Diluted Share and Same Property Portfolio NOI, and equity incentives. Equity grants consist of Time-Vesting LTIP Units and Performance-Vesting LTIP Units, with performance metrics updated to focus on relative Total Shareholder Return (TSR) against industry indices. The weighting for equity incentives has shifted to 40% Time-Vesting and 60% Performance-Vesting. Messrs. Frankel and Schwimmer will receive pro-rata bonuses and separation benefits as per their agreements.