Form 4: LXP Industrial Trust: CFO Beth Boulerice Reports Changes in Beneficial Ownership

Beth Boulerice, EVP, CFO, and Treasurer of LXP Industrial Trust, reports changes in beneficial ownership of common shares due to tax withholding and forfeiture of non-vested shares.

Summary

• On January 2, 2025, Beth Boulerice, the EVP, CFO, and Treasurer of LXP Industrial Trust, reported changes in her beneficial ownership of the company's common shares.
• 8,092 shares were automatically withheld to satisfy payroll taxes related to the vesting of non-vested common shares at a price of $8.01.
• 49,383 non-vested common shares were forfeited at a price of $8.01.
• 22,892 common shares were transferred from direct to indirect ownership.
• Following these transactions, Ms. Boulerice directly owns 264,313 common shares and indirectly owns 242,970 common shares through a family trust.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting transactions. The forfeiture of shares could be seen as slightly negative, but overall it's a standard regulatory filing.

Negatives

• The forfeiture of 49,383 non-vested common shares could be perceived negatively.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, but the overall impact is likely minimal.

Key Dates