LXP Form 4: EVP Nathan Brunner Withholds 20,381 Shares at $8.86
Nathan Brunner, Executive Vice President of Capital Markets at LXP Industrial Trust (LXP), reported a routine disposition of common shares.
Rhea-AI Filing Summary
Nathan Brunner, Executive Vice President of Capital Markets at LXP Industrial Trust (LXP), reported a routine disposition of common shares. On 09/02/2025 he disposed of 20,381 common shares at a price of $8.86 per share. The filing states the shares were automatically withheld to satisfy payroll taxes related to vesting of previously granted restricted shares. After the transaction Mr. Brunner beneficially owned 299,410 common shares. The Form 4 was signed by an attorney-in-fact on 09/04/2025.
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Insights
TL;DR: A routine tax-withholding disposition by an executive; transaction size appears administrative, not strategic.
The Form 4 discloses a disposition of 20,381 common shares at $8.86 executed 09/02/2025, leaving 299,410 shares beneficially owned by the reporting person. The explanation states shares were automatically withheld to satisfy payroll taxes for vesting, which is a common administrative action and usually not indicative of directional insider sentiment. For investors, this transaction is informational but not a material change in ownership or control.
TL;DR: Disclosure is clear and compliant; the filing documents tax-related withholding on vested shares.
The Form 4 identifies the reporting person as an officer (EVP of Capital Markets) and records the withholding of 20,381 shares to cover payroll taxes tied to vesting. The report was executed by an attorney-in-fact and includes the remaining beneficial ownership figure of 299,410 shares. This type of filing fulfills Section 16 reporting obligations and appears procedural rather than a negotiated sale or plan-driven open-market transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 20,381 | $8.86 | $181K |
Footnotes (1)
- F1. Shares automatically withheld to satisfy payroll taxes for vesting on non-vested common shares.
FAQ
What transaction did Nathan Brunner report on Form 4 for LXP?
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