LXP Industrial Trust (LXP) director receives 631-share equity grant and updates trust holdings

Rhea-AI Filing Summary

Noe Nancy Elizabeth reported acquisition or exercise transactions in this Form 4 filing.

LXP Industrial Trust director Nancy Elizabeth Noe reported a routine share award and updated holdings. She received 631 common shares as a grant or award at an indicated price of $51.462 per share, described in a footnote as quarterly trustee fees issued at the average closing price over the quarter.

After this award, she directly holds 631 common shares and indirectly holds 12,911 common shares through a trust. A footnote notes that 664 common shares were transferred from direct to indirect ownership and that she disclaims ownership of the reported securities except to the extent of her pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Noe Nancy Elizabeth

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	631	$51.462	$32K
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 631 shares (Direct); Common Shares — 12,911 shares (Indirect, By Trust)

Footnotes (1)

1. Quarterly trustee fees issued at the average closing price over the quarter Reporting person disclaims ownership of reported securities except to the extent of her pecuniary interest therein. 664 common shares transferred from direct to indirect.

Key Figures

Director share grant: 631 shares Grant price: $51.462 per share Indirect holdings via trust: 12,911 shares +2 more

5 metrics

Director share grant 631 shares Common shares granted as trustee fee on 2026-07-01

Grant price $51.462 per share Price used for 631-share grant

Indirect holdings via trust 12,911 shares Common shares held indirectly by trust after transactions

Direct holdings after grant 631 shares Common shares held directly after award

Shares transferred to trust 664 shares Transferred from direct to indirect ownership

Key Terms

Grant, award, or other acquisition, Quarterly trustee fees, Indirect ownership, By Trust, +1 more

5 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Quarterly trustee fees financial

"Quarterly trustee fees issued at the average closing price over the quarter"

Indirect ownership financial

"total_shares_following_transaction 12911.0000, ownership_type: indirect"

By Trust financial

"nature_of_ownership: By Trust"

Pecuniary interest financial

"disclaims ownership of reported securities except to the extent of her pecuniary interest"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 01:43 PM Accepted by SEC EDGAR 07/06/2026 - 01:43 PM Learn about SEC filing dates

FAQ

What did LXP (LXP) director Nancy Elizabeth Noe report in this Form 4 filing?

Nancy Elizabeth Noe reported a routine equity award and updated her holdings. She received 631 LXP common shares as a grant and disclosed both direct and indirect ownership positions, including shares held through a trust and a transfer from direct to indirect ownership.

How many LXP (LXP) shares were granted to Nancy Elizabeth Noe and at what price?

She was granted 631 LXP common shares at an indicated price of $51.462 per share. A footnote explains these shares represent quarterly trustee fees, issued using the average closing price of LXP stock over the quarter as the reference pricing mechanism.

What are Nancy Elizabeth Noe’s direct and indirect LXP (LXP) share holdings after the reported transactions?

After the reported transactions, she directly holds 631 LXP common shares. She also indirectly holds 12,911 LXP common shares through a trust, reflecting a transfer of 664 shares from direct to indirect ownership, as disclosed in the filing’s explanatory footnote.

Were there any open-market purchases or sales of LXP (LXP) shares in this Form 4?

The filing does not report any open-market purchases or sales. Instead, it shows a grant or award of 631 common shares and a reclassification of 664 common shares from direct to indirect ownership via a trust, without indicating market trading activity.

What does it mean that Nancy Elizabeth Noe disclaims ownership of some LXP (LXP) securities?

The footnote states she disclaims ownership of the reported securities except to the extent of her pecuniary interest. This means legal or beneficial ownership is limited to her economic stake, particularly for shares held in the trust, clarifying how her indirect holdings should be viewed.

Why were quarterly trustee fees paid in LXP (LXP) shares to Nancy Elizabeth Noe?

The filing explains that quarterly trustee fees were issued in LXP common shares. The share amount was based on the average closing price of the stock over the quarter, effectively compensating the director with equity instead of cash as part of her trustee service.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Noe Nancy Elizabeth

(Last) (First) (Middle)

C/O LXP INDUSTRIAL TRUST

515 N. FLAGLER DRIVE, SUITE 408

(Street)

WEST PALM BEACH FLORIDA 33401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LXP Industrial Trust [ LXP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/01/2026		A		631	A	$51.462(1)	631	D
Common Shares								12,911	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Quarterly trustee fees issued at the average closing price over the quarter

2. Reporting person disclaims ownership of reported securities except to the extent of her pecuniary interest therein. 664 common shares transferred from direct to indirect.

Remarks:

	Nancy Elizabeth Noe, by Joseph S. Bonventre, Attorney-in-Fact	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)