LXP Industrial Trust director’s 26,773 shares canceled

The indirect trust position reported for an LXP director was zero shares following the merger-related cancellation.

Available on EDGAR 11/02/2026 - 09:57 AM EST Accepted by SEC EDGAR 11/02/2026 - 09:56 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lawrence L. Gray reported disposition transactions in this Form 4 filing. LXP Industrial Trust director Lawrence L. Gray reported that 26,773 common shares held indirectly by a trust were canceled and converted into the right to receive $61.20 per share in cash at the Effective Time on November 2, 2026, under the merger agreement. The reported position following the transaction was zero shares. Gray disclaimed ownership of the reported securities except to the extent of his pecuniary interest.

Insider Trade Summary

Disposition: 26,773 shares

Disposition 1 txn

Insider Gray Lawrence L

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Shares F1, F2	26,773	$61.20	$1.64M

Holdings After Transaction: Common Shares — 0 shares (Indirect, By Trust)

Holdings Before and After: Common Shares, 26,773 to 0 shares (Indirect, By Trust)

Footnotes (2)

1. F1. Represents common shares that were cancelled and converted into the right to receive an amount in cash equal to $61.20 per share at the Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on September 18, 2026.
2. F2. Reporting person disclaims ownership of reported securities except to the extent of his pecuniary interest therein. 542 common shares transferred from direct to indirect since last Form 4.

Key Figures

Common shares canceled: 26,773 shares Cash amount per share: $61.20 per share Reported resulting position: 0 shares

3 metrics

Common shares canceled 26,773 shares Held indirectly by a trust; November 2, 2026

Cash amount per share $61.20 per share Right to receive cash at the Effective Time

Reported resulting position 0 shares Following the transaction

Key Terms

Effective Time, Merger Agreement, pecuniary interest

3 terms

Effective Time regulatory

"at the Effective Time"

The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.

Merger Agreement regulatory

"in accordance with the terms of the Merger Agreement"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LXP shares were canceled in the merger-related transaction?

A trust holding shares indirectly for LXP director Lawrence L. Gray had 26,773 common shares canceled and converted into the right to receive $61.20 per share in cash at the Effective Time on November 2, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

X

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^*

Gray Lawrence L

(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)
11/02/2026

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	11/02/2026		D(1)		26,773	D	$61.2	0	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. Represents common shares that were cancelled and converted into the right to receive an amount in cash equal to $61.20 per share at the Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on September 18, 2026.

2. Reporting person disclaims ownership of reported securities except to the extent of his pecuniary interest therein. 542 common shares transferred from direct to indirect since last Form 4.

Remarks:

	Lawrence L. Gray, by Joseph S. Bonventre, Attorney-in-Fact	11/02/2026
	** 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)