Form 4: LXP Industrial Trust: Executive Nabil Andrawis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP Nabil Andrawis reports transactions involving LXP Industrial Trust common shares, including acquisitions, disposals, and forfeitures, impacting his total holdings.
Summary
- On January 2, 2025, Nabil Andrawis, EVP and Director of Taxation at LXP Industrial Trust, reported changes in his beneficial ownership of the company's common shares.
- These changes include the withholding of 2,575 shares to cover payroll taxes related to vesting, the forfeiture of 11,523 non-vested shares, and the acquisition of 28,465 shares based on performance and 9,490 shares vesting ratably over three years.
- The transactions were executed at prices of $8.01 and $9.01 per share.
- Following these transactions, Andrawis's total beneficial ownership stands at 240,304 common shares, including 102,637 shares held jointly with his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, with neutral sentiment.
Negatives
- Nabil Andrawis forfeited 11,523 non-vested common shares.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership changes, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The changes in ownership may have a minor impact on shareholders due to the change in the number of shares held by an executive.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of earliest transaction: withholding of shares, forfeiture of shares, acquisition of shares. |
| 01/03/2025 | Signature date of the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.