Form 4: LXP Industrial Trust EVP Transfers Shares to Limited Partnership

Joseph Bonventre, EVP, COO, General Counsel & Secretary of LXP Industrial Trust, reports transferring shares to GTLOC LP, a limited partnership he controls.

Summary

• On June 28, 2024, Joseph Bonventre, EVP, COO, General Counsel & Secretary of LXP Industrial Trust, transferred 279,155 common shares to GTLOC LP.
• Following the transaction, Bonventre directly owns 544,579 common shares.
• Bonventre indirectly owns 279,155 common shares through GTLOC LP, a limited partnership where he is the sole general partner and he and his spouse own all limited partner interests through revocable trusts.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a share transfer. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Related Party Transactions

• The transfer of shares to GTLOC LP, a limited partnership controlled by Joseph Bonventre, constitutes a related party transaction.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders, as it is a transfer of ownership between entities controlled by the same individual.

Key Dates