LXP Industrial Trust (LXP) CFO discloses equity awards and share ownership
Rhea-AI Filing Summary
LXP Industrial Trust executive Nathan Brunner, EVP, CFO and Treasurer, reported equity award transactions involving the company’s common shares. On 01/02/2026, 1,298 shares were disposed of at $49.58 to cover payroll taxes upon vesting. On the same date, he acquired 9,690 common shares that vest ratably over three years and 29,044 common shares that vest based on performance after a three-year period, both at a stated price of $49.58. Following these transactions, he directly beneficially owned 97,317 common shares.
Positive
- None.
Negative
- None.
FAQ
What insider activity did LXP (LXP) report in this Form 4?
The Form 4 reports that Nathan Brunner, EVP, CFO and Treasurer of LXP Industrial Trust, had shares withheld for taxes on vesting and received new equity awards in the form of common shares.
How many LXP Industrial Trust shares were acquired by the executive?
On 01/02/2026, the executive acquired 9,690 common shares that vest ratably over three years and 29,044 common shares that vest based on performance after a three-year period.
Why were 1,298 LXP Industrial Trust shares disposed of?
The filing explains that 1,298 common shares were automatically withheld on 01/02/2026 to satisfy payroll taxes in connection with the vesting of non-vested common shares.
What are the vesting terms of the new LXP Industrial Trust share awards?
According to the disclosure, 9,690 shares vest ratably over a three-year period, while 29,044 shares vest based on performance after a three-year period.
How many LXP Industrial Trust shares does the executive own after these transactions?
After the reported transactions on 01/02/2026, the executive directly beneficially owned 97,317 common shares of LXP Industrial Trust.
What role does the reporting person hold at LXP Industrial Trust?
The reporting person is an Officer of LXP Industrial Trust, serving as EVP, CFO and Treasurer, as indicated in the relationship section of the filing.