LXP director granted 664 shares as trustee fees

Noe Nancy Elizabeth reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Noe Nancy Elizabeth reported acquisition or exercise transactions in this Form 4 filing.

LXP Industrial Trust director Nancy Elizabeth Noe received a grant of 664 common shares as quarterly trustee fees. The grant was issued at an average closing price of $48.895 per share over the quarter. Following this award, she holds 664 shares directly and 12,247 shares indirectly through a trust, and she disclaims ownership of the reported securities beyond her pecuniary interest.

Insider Trade Summary

Grant/Award: 664 shares

Grant/Award 2 txns

Insider Noe Nancy Elizabeth

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	664	$48.895	$32K
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 664 shares (Direct); Common Shares — 12,247 shares (Indirect, By Trust)

Footnotes (2)

1. F1. Quarterly trustee fees issued at the average closing price over the quarter
2. F2. Reporting person disclaims ownership of reported securities except to the extent of her pecuniary interest therein. 678 common shares transferred from direct to indirect.

Key Figures

Trustee fee share grant: 664 shares Grant price: $48.895 per share Direct holdings after grant: 664 shares +2 more

5 metrics

Trustee fee share grant 664 shares Quarterly trustee fees paid in common shares

Grant price $48.895 per share Average closing price over the quarter for the award

Direct holdings after grant 664 shares Common shares held directly by the reporting person

Indirect trust holdings 12,247 shares Common shares held indirectly by trust after transfers

Shares transferred to trust 678 shares Common shares moved from direct to indirect ownership

Key Terms

Quarterly trustee fees, pecuniary interest, indirect, By Trust, +1 more

5 terms

Quarterly trustee fees financial

"Quarterly trustee fees issued at the average closing price over the quarter"

pecuniary interest financial

"disclaims ownership of reported securities except to the extent of her pecuniary interest therein"

indirect financial

"total_shares_following_transaction": "12247.0000" ... "ownership_type": "indirect""

By Trust financial

""nature_of_ownership": "By Trust""

Grant, award, or other acquisition financial

""transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What insider transaction did LXP director Nancy Noe report on this Form 4?

Director Nancy Elizabeth Noe reported receiving a grant of 664 LXP Industrial Trust common shares as quarterly trustee fees. The award reflects compensation in stock rather than cash, based on the average closing price over the quarter.

At what price were the 664 LXP Industrial Trust shares granted to the director?

The 664 common shares were granted at an average closing price of $48.895 per share over the quarter. This price represents the mean trading level during the period used to calculate her trustee fee compensation.

How many LXP Industrial Trust shares does Nancy Noe hold after this transaction?

After the reported grant, Nancy Noe holds 664 LXP common shares directly and 12,247 shares indirectly via a trust. A footnote explains she disclaims ownership beyond her pecuniary interest in these indirectly held securities.

What does it mean that LXP trustee fees were issued at the average closing price?

Quarterly trustee fees were paid in stock valued at the average closing price over the quarter, rather than at a single day’s price. This smooths out short-term volatility and ties compensation to the trust’s overall market performance.

What is the significance of the 678 LXP shares transferred from direct to indirect ownership?

A footnote states that 678 common shares moved from direct to indirect ownership, now held by a trust. The reporting person disclaims ownership except for her pecuniary interest, clarifying that some voting or investment power may reside with the trust structure.

Is this LXP Form 4 transaction a market purchase or a compensation award?

The filing describes the 664-share transaction as a grant or award, not an open-market purchase. It represents quarterly trustee fee compensation in LXP Industrial Trust stock, classified as an acquisition under transaction code A.

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

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Accepted by SEC EDGAR 04/03/2026 - 02:53 PM EDT Learn about SEC filing dates

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

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^*

Noe Nancy Elizabeth

(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)
04/03/2026

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	04/03/2026		A		664	A	$48.895(1)	664	D
Common Shares								12,247	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. Quarterly trustee fees issued at the average closing price over the quarter

2. Reporting person disclaims ownership of reported securities except to the extent of her pecuniary interest therein. 678 common shares transferred from direct to indirect.

Remarks:

	Nancy Elizabeth Noe, by Joseph S. Bonventre, Attorney-in-Fact	04/03/2026
	** 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)