LXP Industrial Trust (LXP) EVP reports tax withholding and new share grants

Rhea-AI Filing Summary

LXP Industrial Trust executive reports share transactions and awards. The company’s EVP & Chief Accounting Officer reported several transactions in LXP Industrial Trust common shares dated 01/02/2026. A total of 1,318 shares were automatically withheld to cover payroll taxes when previously granted non-vested shares vested. On the same date, 2,220 additional shares were acquired that vest ratably over a three-year period, and 6,656 shares were acquired that vest based on performance after a three-year period. After these transactions, the executive directly owned 29,866 common shares.

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

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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^*

Cherone Mark

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		F(1)		1,318	D	$49.58	20,990(2)	D
Common Shares	01/02/2026		A(3)		2,220	A	$49.58	23,210	D
Common Shares	01/02/2026		A(4)		6,656	A	$49.58	29,866	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. Shares automatically withheld to satisfy payroll taxes for vesting on non-vested common shares.

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

3. Shares vest ratably over three-year period.

4. Shares vest based on performance after three-year period.

Remarks:

	Mark Cherone, by Joseph S. Bonventre, Attorney-in-Fact	01/06/2026
	** 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.

FAQ

What insider activity did LXP (LXP Industrial Trust) report in this filing?

The EVP & Chief Accounting Officer of LXP Industrial Trust reported multiple transactions in common shares on 01/02/2026, including tax withholding on vested shares and new equity awards, ending with direct ownership of 29,866 common shares.

How many LXP Industrial Trust shares were withheld for taxes in this Form 4?

The filing shows 1,318 common shares were automatically withheld to satisfy payroll taxes when non-vested shares vested, as noted in the explanation of responses.

What new LXP Industrial Trust share awards did the executive receive?

The executive acquired 2,220 common shares that vest ratably over a three-year period and 6,656 common shares that vest based on performance after a three-year period, all dated 01/02/2026.

What is the vesting schedule for the LXP shares mentioned in this Form 4?

According to the explanations, 2,220 shares vest ratably over a three-year period, while 6,656 shares vest based on performance after a three-year period.

How many LXP Industrial Trust shares does the reporting person own after these transactions?

Following the reported transactions, the EVP & Chief Accounting Officer beneficially owned 29,866 LXP Industrial Trust common shares in direct ownership.

What additional note does the LXP Form 4 provide about a reverse share split?

The explanations state that a reverse share split resulted in a cash payment for fractional shares, indicating that any fractional interests from the split were settled in cash.