LXP Industrial Trust EVP’s 114,856 shares canceled

LXP's EVP & Director of Asset Mgmt. had zero reported direct shares after the merger-related cancellation and conversion into a cash-payment right.

Available on EDGAR 11/02/2026 - 09:55 AM EST Accepted by SEC EDGAR 11/02/2026 - 09:54 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

LXP Industrial Trust EVP & Director of Asset Mgmt. James Dudley reported a disposition on November 2, 2026, of 114,856 common shares, including non-vested restricted common shares. The shares were canceled and converted into a right to receive $61.20 per share in cash at the Effective Time under the Merger Agreement. His reported direct holdings after the transaction were 0 shares.

Insider Trade Summary

Disposition: 114,856 shares

Disposition 1 txn

Insider Dudley James

Role EVP & Director of Asset Mgmt.

Type	Security	Shares	Price	Value
Disposition	Common Shares F1	114,856	$61.20	$7.03M

Holdings After Transaction: Common Shares — 0 shares (Direct)

Holdings Before and After: Common Shares, 114,856 to 0 shares (Direct)

Footnotes (1)

1. F1. Represents common shares and non-vested restricted common shares that were cancelled and converted into the right to receive an amount in cash equal to $61.20 per share at the Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on September 18, 2026.

Key Figures

Shares disposed: 114,856 shares Cash amount per share: $61.20 per share Direct holdings after transaction: 0 shares

3 metrics

Shares disposed 114,856 shares Common shares and non-vested restricted common shares reported on November 2, 2026

Cash amount per share $61.20 per share Right to receive cash at the Effective Time

Direct holdings after transaction 0 shares James Dudley's reported position following the transaction

Key Terms

non-vested restricted common shares, Effective Time, Merger Agreement

3 terms

non-vested restricted common shares financial

"common shares and non-vested restricted common shares that were cancelled"

Effective Time financial

"$61.20 per share at the Effective Time"

The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.

Merger Agreement regulatory

"terms of the Merger Agreement"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

FAQ

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

What did James Dudley's LXP shares convert into?

On November 2, 2026, James Dudley reported the disposition of 114,856 common and non-vested restricted common shares. They were canceled and converted into a right to receive $61.20 per share in cash at the Effective Time; his reported direct holdings afterward were 0 shares.

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

Form 4 Insider Transactions: What Each Field Means →

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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

X

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^*

Dudley James

(Last) (First) (Middle)

C/O LXP INDUSTRIAL TRUST

ONE PENN PLAZA, SUITE 4015

(Street)

NEW YORK NEW YORK 10119

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Director of Asset Mgmt.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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	11/02/2026		D(1)		114,856	D	$61.2	0	D

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. Represents common shares and non-vested restricted common shares that were cancelled and converted into the right to receive an amount in cash equal to $61.20 per share at the Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on September 18, 2026.

Remarks:

	James Dudley, by Joseph S. Bonventre, Attorney-in-Fact	11/02/2026
	** 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)