LXP Industrial Trust (NYSE: LXP) EVP reports Form 4 after share split
Rhea-AI Filing Summary
LXP Industrial Trust executive Joseph Bonventre, who serves as EVP, COO, General Counsel and Secretary, reported changes in his ownership of LXP common shares. On 12/08/2025, he recorded dispositions of 517 and 750 common shares at a price of $48.69 per share. After these transactions, he beneficially owns 136,171 common shares directly and 53,831 common shares indirectly through GTLOC LP. The filing explains that a reverse share split since his last reported transaction resulted in cash paid in lieu of 0.6 common shares (equivalent to 3 shares before the reverse split).
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FAQ
What did the LXP (LXP) insider report in this Form 4 filing?
The filing shows that executive officer Joseph Bonventre reported dispositions of 517 and 750 LXP Industrial Trust common shares on 12/08/2025, with the transactions tied to a reverse share split.
Who is the reporting person in the LXP Industrial Trust (LXP) Form 4?
The reporting person is Joseph Bonventre, an officer of LXP Industrial Trust serving as EVP, COO, General Counsel & Secretary, who filed individually as one reporting person.
How many LXP Industrial Trust shares does the insider own after the reported transactions?
Following the reported transactions, Joseph Bonventre beneficially owns 136,171 LXP common shares directly and 53,831 common shares indirectly, held through GTLOC LP.
What was the transaction price in the LXP (LXP) insider share dispositions?
The reported dispositions of LXP Industrial Trust common shares on 12/08/2025 were priced at $48.69 per share for both the 517-share and 750-share transactions.
How did the reverse share split affect the LXP Industrial Trust insider’s holdings?
The explanation states that a reverse share split since the last reported transaction resulted in cash in lieu of 0.6 common shares, equal to 3 common shares on a pre-reverse split basis.
Does the LXP (LXP) Form 4 indicate indirect ownership by the insider?
Yes. In addition to directly owned shares, the Form 4 reports 53,831 LXP common shares held indirectly by GTLOC LP for which Joseph Bonventre has beneficial ownership.