LXP Industrial Trust (LXP) director adds 678 shares via trustee fee grant
Rhea-AI Filing Summary
LXP Industrial Trust director Derrick L. Johnson reported receiving additional common shares as part of his quarterly trustee compensation. On January 5, 2026, he acquired 678 common shares of LXP Industrial Trust at a price of $47.923 per share, described as quarterly trustee fees issued at the average closing price over the quarter. Following this transaction, he directly beneficially owned 10,752.97 common shares, which reflects adjustments for issuances under the company’s dividend reinvestment plan.
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FAQ
What insider transaction did LXP (LXP Industrial Trust) report for Derrick L. Johnson?
LXP Industrial Trust reported that director Derrick L. Johnson acquired 678 common shares on January 5, 2026 as part of his quarterly trustee fees.
At what price were the new LXP common shares issued to Derrick L. Johnson?
The 678 common shares were issued at $47.923 per share, which the filing describes as the average closing price over the quarter.
How many LXP shares does Derrick L. Johnson own after this reported transaction?
After the reported acquisition, Derrick L. Johnson beneficially owns 10,752.97 common shares of LXP Industrial Trust on a direct basis.
What is the nature of the LXP shares acquired by Derrick L. Johnson in this Form 4?
The filing states that the shares represent quarterly trustee fees, issued at the average closing price over the quarter, rather than an open-market purchase.
Does the Form 4 indicate whether Derrick L. Johnson’s LXP holdings are direct or indirect?
The Form 4 reports that the 10,752.97 common shares held after the transaction are owned on a direct (D) basis by Derrick L. Johnson.
What do the dividend reinvestment plan references mean for Derrick L. Johnson’s LXP share count?
A footnote explains that the reported 10,752.97 shares are adjusted for issuances under the company’s dividend reinvestment plan, which can slightly change the share count over time.