Rexford Industrial CEO succession: Laura Clark to become CEO Apr 1, 2026; co-CEOs step down

Rexford Industrial Realty, Inc.

Laura Clark, current COO, becomes CEO effective April 1, 2026; co-CEOs Frankel and Schwimmer depart March 31, 2026. Clark base salary $850k.
2026 base salaries: CFO Fitzmaurice $600k, GC Lanzer $565k; Frankel and Schwimmer each get pro rata $250k through March 31.
Equity grants (Time-Vesting LTIP): Clark $2.465M, Fitzmaurice $800k, Lanzer $614k; Performance-Vesting at target: Clark $3.698M, Fitzmaurice $1.2M, Lanzer $921k.
Cash incentive opportunity: CEO 100%-175%-250% of salary; CFO 100%-150%-200%; GC 100%-125%-175%. Metrics: Core FFO, Same Property NOI, Qualitative.
Performance-vesting LTIP metrics changed to 100% relative TSR (vs Nareit Industrial & Dow Jones REIT) with absolute TSR modifier (-25% to +25%).

item 5.02

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accession 0001571283-25-000064

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