Form 4: LXP Industrial Trust: Officer Mark Cherone Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark Cherone, SVP & Chief Accounting Officer of LXP Industrial Trust, reports changes in beneficial ownership of common shares due to tax withholding and vesting of shares.
Summary
- On January 2, 2025, Mark Cherone, SVP & Chief Accounting Officer of LXP Industrial Trust, reported changes in his beneficial ownership of the company's common shares.
- 6,278 shares were withheld to satisfy payroll taxes related to the vesting of non-vested common shares at a price of $8.01.
- 37,454 shares vested based on performance after a three-year period at a price of $8.01.
- 12,490 shares vested ratably over a three-year period at a price of $8.01.
- Following these transactions, Cherone's direct ownership increased to 111,546 common shares.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation and tax-related activities.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of earliest transaction (tax withholding and vesting of shares). |
| 01/03/2025 | Date of signature by Attorney-in-Fact. |
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