LXP Industrial Trust Director Disposes of Shares in Merger Cash-Out

Overview

On November 2, 2026, Arun Gupta, a member of the Board of Directors of LXP Industrial Trust ($LXP), reported the disposition of all 19,847 common shares held directly, bringing their direct beneficial ownership to zero.

Transaction Details

• Security: Common Shares
• Transaction Code: D (Disposition to issuer / cancellation via merger)
• Shares Disposed: 19,847
• Price per Share: $61.20
• Aggregate Consideration: $1,214,636.40
• Post-Transaction Holdings: 0

Context & Significance

According to Footnote 1 of the filing, the shares were cancelled and converted into the right to receive $61.20 per share in cash at the effective time of an acquisition pursuant to the company's merger agreement (previously disclosed in its proxy statement filed on September 18, 2026). The reporting owner marked the filing as no longer subject to Section 16 reporting obligations.

Because this transaction reflects a mandatory corporate merger closing rather than an open-market discretionary sale by the insider, it carries Low informational significance regarding insider sentiment or operational outlook.