LXP Industrial Trust (LXP) tax executive reports grants and forfeiture

Rhea-AI Filing Summary

LXP Industrial Trust executive vice president and director of taxation Nabil Andrawis reported multiple equity award-related transactions in common shares. On January 2, 2026, 672 shares were withheld to cover taxes on vesting, 1,540 restricted shares were granted that vest ratably over three years, and 4,599 performance-based shares were granted that vest after a three-year performance period. On January 5, 2026, 2,465 non-vested shares were forfeited and an additional 705 shares were withheld for taxes. Following these transactions, Andrawis directly beneficially owns 50,356 common shares of LXP Industrial Trust.

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

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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^*

Andrawis Nabil

(Last) (First) (Middle)

C/O LXP INDUSTRIAL TRUST

515 N. FLAGLER DRIVE, SUITE 408

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Director of Taxation

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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

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

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	01/02/2026		F(1)		672	D	$49.58	47,387(2)	D
Common Shares	01/02/2026		A(3)		1,540	A	$49.58	48,927	D
Common Shares	01/02/2026		A(4)		4,599	A	$49.58	53,526	D
Common Shares	01/05/2026		D(5)		2,465	D	$49.61	51,061	D
Common Shares	01/05/2026		F(1)		705	D	$49.61	50,356	D

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. Shares automatically withheld to satisfy payroll taxes for vesting on non-vested common shares.

2. Reverse share split resulted in cash payment for fractional shares.

3. Shares vest ratably over three-year period.

4. Shares vest based on performance after three-year period.

5. Forfeiture of non-vested common shares.

Remarks:

	Nabil Andrawis, by Joseph S. Bonventre, Attorney-in-Fact	01/06/2026
	** 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.

FAQ

What insider activity did LXP (LXP Industrial Trust) report in this Form 4?

The filing reports equity award activity for executive vice president and director of taxation Nabil Andrawis, including tax withholding, new restricted share grants, and forfeiture of non-vested shares.

How many LXP Industrial Trust shares does the reporting officer hold after these transactions?

After the reported transactions, Nabil Andrawis directly beneficially owns 50,356 common shares of LXP Industrial Trust.

What restricted share grants did the LXP officer receive in January 2026?

On January 2, 2026, the officer received 1,540 common shares that vest ratably over three years and 4,599 common shares that vest based on performance after a three-year period.

Why were some LXP Industrial Trust shares withheld in this Form 4?

The filing explains that 672 shares on January 2, 2026 and 705 shares on January 5, 2026 were automatically withheld to satisfy payroll taxes related to the vesting of non-vested common shares.

What does the forfeiture of LXP shares reported in this Form 4 represent?

The document notes that the disposition of 2,465 common shares on January 5, 2026 reflects the forfeiture of non-vested common shares.

What is the relationship of the reporting person to LXP Industrial Trust?

The reporting person is identified as an officer of LXP Industrial Trust, serving as Executive Vice President, Director of Taxation.