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AI brief of an SEC Form 8-K · Rexford Industrial Realty (REXR)

Rexford Industrial sets 2026 pay; Laura Clark to become CEO April 1, 2026

Neutral Impact 4 of 5 leadership Written later

Rexford Industrial's Compensation Committee approved the 2026 executive pay program, which reflects the planned appointment of Chief Operating Officer Laura Clark as chief executive effective April 1, 2026. The filing also states that co-CEOs Michael Frankel and Howard Schwimmer are departing, with separation dated March 31, 2026, and that Clark's equity awards and incentive targets are set higher than those of the other named executives.

Key points

  • Laura Clark becomes CEO effective April 1, 2026, with a 2026 base salary of $850,000 and a cash incentive target of 175% of salary
  • Michael Frankel and Howard Schwimmer each receive a 2026 base salary of $250,000, a pro rata portion of $1,000,000, paid through March 31, 2026
  • Clark received time-vesting LTIP units valued at $2,465,000 and performance-vesting LTIP units with a target value of $3,697,500, granted December 19, 2025
  • 2026 cash incentive is weighted 40% Core FFO per diluted share, 30% Same Property Portfolio NOI and 30% qualitative measures

The filing

CompanyRexford Industrial Realty (REXR)
Form8-K, current report
Filed with the SECDec 22, 2025, 4:27 PM ET
Accession number0001571283-25-000064

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 22, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.