Form 4: LXP Industrial Trust Executive Reports Share Transactions

LXP Industrial Trust's EVP, COO, General Counsel & Secretary, Joseph Bonventre, reported multiple transactions involving common shares, including acquisitions through vesting and dispositions for tax withholding and forfeiture.

Summary

• Joseph Bonventre, EVP, COO, General Counsel & Secretary of LXP Industrial Trust, reported changes in his beneficial ownership of common shares.
• On January 2, 2026, 4,141 common shares were withheld at $49.58 to satisfy payroll taxes for vesting non-vested shares.
• Also on January 2, 2026, 11,700 common shares vested ratably over a three-year period at $49.58.
• An additional 35,095 common shares vested on January 2, 2026, based on performance after a three-year period, at $49.58.
• On January 5, 2026, 16,654 non-vested common shares were forfeited at $49.61.
• Also on January 5, 2026, 4,493 common shares were withheld at $49.61 to satisfy payroll taxes for vesting non-vested shares.
• Following these transactions, Joseph Bonventre directly beneficially owns 157,678 common shares.
• Additionally, 53,831 common shares are indirectly beneficially owned by GTLOC LP.

Sentiment

Score: 7

Explanation: The executive's beneficial ownership increased by a net of 21,507 shares through vesting, despite some shares being withheld for taxes and a forfeiture. This indicates a positive increase in the executive's equity stake in the company.

Positives

• Joseph Bonventre acquired a total of 46,795 common shares through vesting events on January 2, 2026, indicating continued equity participation and alignment with shareholder interests.

Negatives

• A total of 8,634 common shares were disposed of through automatic withholding to satisfy payroll taxes for vesting shares on January 2, 2026 (4,141 shares) and January 5, 2026 (4,493 shares).
• 16,654 non-vested common shares were forfeited on January 5, 2026.

Future Outlook

Some shares acquired on January 2, 2026, are subject to vesting schedules, with 11,700 shares vesting ratably over a three-year period and 35,095 shares vesting based on performance after a three-year period.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide information related to broader industry trends or competitors.

Related Party Transactions

• 53,831 common shares are indirectly beneficially owned by GTLOC LP.

Stakeholder Impact

• Shareholders may view the increase in executive's direct beneficial ownership as a positive signal of management's alignment with shareholder interests.
• The transactions reflect the ongoing compensation structure for executive management, including equity awards and vesting schedules.

Next Steps

• The 11,700 shares acquired on January 2, 2026, will continue to vest ratably over a three-year period.
• The 35,095 shares acquired on January 2, 2026, will vest based on performance after a three-year period.

Key Dates

Keywords

LXP Industrial Trust, LXP, Form 4, Insider Transaction, Beneficial Ownership, Joseph Bonventre, Common Shares, Stock Vesting, Executive Compensation