LXP Industrial Trust COO Disposes of Shares via Merger Cash-Out

Insider Filing Analysis: LXP Industrial Trust (LXP)

Transaction Summary

On November 2, 2026, Joseph Bonventre, Executive Vice President, Chief Operating Officer, General Counsel, and Secretary of LXP Industrial Trust, reported the disposition of all held common shares and unvested restricted common shares pursuant to a corporate merger.

• Direct Disposition: 157,678 shares at $61.20 per share ($9,649,893.60).
• Indirect Disposition (via GTLOC LP): 53,831 shares at $61.20 per share ($3,294,457.20).
• Total Transacted: 211,509 shares for an aggregate cash consideration of $12,944,350.80.
• Ending Ownership: 0 shares.

Context and Significance

• Transaction Code 'D': Represents dispositions back to the issuer or cancellation in connection with a corporate event, rather than an open-market transaction.
• Footnote Details: As disclosed in Footnote 1, all shares (including unvested restricted stock) were cancelled and converted into the right to receive $61.20 in cash per share under the terms of the Merger Agreement referenced in the company's proxy statement filed on September 18, 2026.
• Trading Significance: Low. The disposition represents an automatic cash-out resulting from the consummation of an acquisition/merger rather than a discretionary trading decision by the executive.