Form 4: LXP Industrial Trust Director Lawrence L. Gray Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Lawrence L. Gray reports acquisition and disposal of LXP Industrial Trust common shares, including trustee fees issued as shares and a transfer from direct to indirect ownership.
Summary
- On July 3, 2024, Lawrence L. Gray, a director of LXP Industrial Trust, reported changes in beneficial ownership of the company's common shares.
- Gray acquired 3,428 common shares at a price of $8.751 per share as quarterly trustee fees.
- Gray also disposed of 3,428 common shares.
- Following the transaction, Gray directly owns 0 common shares and indirectly owns 100,101 common shares through a trust.
- 3,300 common shares were transferred from direct to indirect ownership.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership of company stock by a director.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of transaction: acquisition and disposal of common shares. |
| 07/08/2024 | Date of signature on the Form 4 filing. |
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