LXP Industrial Trust Chairman & CEO Disposes Shares in Merger Cash-Out

Executive Summary

On November 2, 2026, T. Wilson Eglin, Chairman, CEO, and President of LXP Industrial Trust ($LXP), reported the disposition of his entire equity stake pursuant to the closing of a merger agreement. The disposition comprised 779,900 direct common shares and 26,172.0744 indirect common shares (held via a Rabbi Trust), all converted to cash at the merger consideration price of $61.20 per share.

Transaction Breakdown

• Direct Holdings Disposed: 779,900 shares at $61.20 per share, totaling $47,729,880.00.
• Indirect Holdings Disposed: 26,172.0744 shares at $61.20 per share, totaling $1,601,730.95.
• Aggregate Consideration: $49,331,610.95.
• Post-Transaction Ownership: 0 shares.
• Transaction Code: D (Disposition to issuer / cancellation pursuant to merger).

Context and Market Significance

• Nature of Disposition: As disclosed in Footnote 1, all common shares and non-vested restricted common shares were cancelled and converted into the right to receive $61.20 in cash per share at the Effective Time of the merger, previously detailed in the company's proxy statement filed September 18, 2026.
• Trading Significance: Low. The disposition represents a mandatory conversion of equity at the consummation of an acquisition/merger rather than a discretionary open-market sale or change in sentiment.