What does the 664-share transfer mean in the LXP (LXP) Form 4?

A footnote explains that 664 common shares were transferred from direct to indirect ownership. These shares moved into a trust, and Gray disclaims ownership of reported securities except to the extent of his pecuniary interest in them.

LXP Industrial Trust (LXP) director gets 631-share trustee fee grant

Q: What did LXP (LXP) director Lawrence L. Gray report in this Form 4?

Lawrence L. Gray reported receiving 631 LXP common shares as a grant on July 1, 2026 . This award represents quarterly trustee fees paid in stock at the average closing price over the quarter, rather than a market purchase.

Q: How many LXP (LXP) shares did Lawrence L. Gray acquire and at what price?

Gray acquired 631 common shares of LXP at an award price of $51.462 per share . The filing notes these were quarterly trustee fees issued at the average closing price over the quarter, reflecting stock-based director compensation.

Q: What are Lawrence L. Gray’s direct and indirect LXP (LXP) holdings after this filing?

Following the reported transactions, Gray directly holds 631 common shares of LXP. A separate entry shows 25,600 common shares held indirectly through a trust, reflecting additional ownership outside his direct account.

Q: Is the LXP (LXP) Form 4 transaction a market purchase or routine compensation?

The filing describes a grant of 631 shares as quarterly trustee fees, not an open-market purchase. Shares were issued at the average closing price over the quarter, indicating routine stock-based director compensation rather than discretionary buying.

Q: How is beneficial ownership described for Lawrence L. Gray’s LXP (LXP) trust holdings?

The footnote states Gray disclaims ownership of the reported securities except for his pecuniary interest. This applies to shares held indirectly by a trust, clarifying that legal or voting control may differ from economic exposure.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gray Lawrence L reported acquisition or exercise transactions in this Form 4 filing.

LXP Industrial Trust director Lawrence L. Gray reported a routine equity compensation grant. He received 631 common shares on July 1, 2026 as quarterly trustee fees, issued at the average closing price over the quarter of $51.462 per share.

After this award, Gray directly holds 631 common shares. A separate holding entry shows 25,600 common shares held indirectly by a trust. Footnote disclosure states he disclaims beneficial ownership of the reported securities beyond his pecuniary interest, and that 664 common shares were transferred from direct to indirect ownership.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Gray Lawrence L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	631	$51.462	$32K
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 631 shares (Direct, null); Common Shares — 25,600 shares (Indirect, By Trust)

Footnotes (1)

Quarterly trustee fees issued at the average closing price over the quarter Reporting person disclaims ownership of reported securities except to the extent of hispecuniary interest therein. 664 common shares transferred from direct to indirect.

Key Figures

Shares granted: 631 common shares Grant price: $51.462 per share Direct holdings after grant: 631 common shares +2 more

5 metrics

Shares granted 631 common shares Quarterly trustee fees grant on July 1, 2026

Grant price $51.462 per share Average closing price over the quarter for trustee fees

Direct holdings after grant 631 common shares Shares held directly by Lawrence L. Gray after transactions

Indirect trust holdings 25,600 common shares Shares held indirectly by trust as reported in holding entry

Shares transferred to trust 664 common shares Transferred from direct to indirect ownership per footnote

Key Terms

Quarterly trustee fees, pecuniary interest, indirect ownership, Grant, award, or other acquisition, +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 hispecuniary interest therein"

indirect ownership financial

"25,600.0000 Common Shares held with ownership_type indirect and nature Of Ownership By Trust"

Grant, award, or other acquisition financial

"transaction_code_description Grant, award, or other acquisition for 631.0000 shares"

non-derivative financial

"transaction_type non-derivative for the 631.0000 Common Shares award"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 01:45 PM Accepted by SEC EDGAR 07/06/2026 - 01:45 PM

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^*

Gray Lawrence L

(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)
07/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	07/01/2026		A		631	A	$51.462⁽¹⁾	631	D
Common Shares								25,600	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 hispecuniary interest therein. 664 common shares transferred from direct to indirect.

Remarks:

	Lawrence L. Gray, by Joseph S. Bonventre, Attorney-in-Fact	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did LXP (LXP) director Lawrence L. Gray report in this Form 4?

Lawrence L. Gray reported receiving 631 LXP common shares as a grant on July 1, 2026. This award represents quarterly trustee fees paid in stock at the average closing price over the quarter, rather than a market purchase.

How many LXP (LXP) shares did Lawrence L. Gray acquire and at what price?

Gray acquired 631 common shares of LXP at an award price of $51.462 per share. The filing notes these were quarterly trustee fees issued at the average closing price over the quarter, reflecting stock-based director compensation.

What are Lawrence L. Gray’s direct and indirect LXP (LXP) holdings after this filing?

Following the reported transactions, Gray directly holds 631 common shares of LXP. A separate entry shows 25,600 common shares held indirectly through a trust, reflecting additional ownership outside his direct account.

Is the LXP (LXP) Form 4 transaction a market purchase or routine compensation?

The filing describes a grant of 631 shares as quarterly trustee fees, not an open-market purchase. Shares were issued at the average closing price over the quarter, indicating routine stock-based director compensation rather than discretionary buying.

How is beneficial ownership described for Lawrence L. Gray’s LXP (LXP) trust holdings?

The footnote states Gray disclaims ownership of the reported securities except for his pecuniary interest. This applies to shares held indirectly by a trust, clarifying that legal or voting control may differ from economic exposure.