[Form 4] LXP Industrial Trust Insider Trading Activity

Rhea-AI Filing Summary

LXP Industrial Trust director Gray Lawrence L reported a small equity award and updated holdings. On January 5, 2026, he acquired 678 common shares of LXP Industrial Trust at $47.923 per share, issued as quarterly trustee fees based on the average closing price over the quarter. Following this award, he held 678 common shares directly.

The filing also reports 24,258 common shares held indirectly by a trust. The reporting person disclaims ownership of the trust-held shares except to the extent of his pecuniary interest, and notes that common shares previously held directly were transferred to indirect ownership through the trust. A reverse share split resulted in a cash payment for fractional shares, but no specific amount is provided.

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

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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^*

Gray Lawrence L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		A		678	A	$47.923(1)	678	D
Common Shares								24,258(2)	I	By Trust(3)

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

3. Reporting person disclaims ownership of reported securities except to the extent of his pecuniary interest therein. Common shares previously held as direct transferred to indirect.

Remarks:

	Lawrence L. Gray, by Joseph S. Bonventre, Attorney-in-Fact	01/07/2026
	** 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 transaction did LXP (LXP Industrial Trust) report for Gray Lawrence L?

On January 5, 2026, LXP Industrial Trust director Gray Lawrence L reported acquiring 678 common shares as quarterly trustee fees at a price of $47.923 per share.

How many LXP Industrial Trust shares does Gray Lawrence L hold directly and indirectly after this Form 4?

After the reported transaction, Gray Lawrence L held 678 common shares directly and 24,258 common shares indirectly through a trust.

How were the 678 LXP common shares issued to Gray Lawrence L determined?

The 678 common shares were issued as quarterly trustee fees and valued at the average closing price over the quarter, which is reported as $47.923 per share.

What is the nature of the indirect LXP share ownership reported for Gray Lawrence L?

The filing lists 24,258 common shares held indirectly "By Trust". The reporting person disclaims ownership of these securities except to the extent of his pecuniary interest.

Did a reverse share split affect Gray Lawrence L’s LXP holdings?

Yes. A footnote states that a reverse share split resulted in a cash payment for fractional shares, though specific amounts are not detailed.

What relationship does Gray Lawrence L have with LXP Industrial Trust?

Gray Lawrence L is reported as a director of LXP Industrial Trust and filed this Form 4 as a single reporting person.