Nabil Andrawis, EVP and Director of Taxation at LXP Industrial Trust, filed a Form 4 on November 2, 2026, reporting the disposition of 50,356 common shares at $61.20 per share in connection with a merger transaction.

Key Highlights

  • Reporting person: Nabil Andrawis, EVP and Director of Taxation at LXP Industrial Trust
  • Transaction date: November 2, 2026
  • Shares disposed: 50,356 common shares, transaction code D (disposed)
  • Price per share: $61.20
  • Nature of disposition: Shares cancelled and converted into the right to receive $61.20 per share in cash at the Effective Time per the Merger Agreement
  • Shares beneficially owned following transaction: 0 (direct)

LXP Industrial Trust Merger Triggers Andrawis Share Cancellation

According to the filing, Nabil Andrawis reported a disposition of 50,356 common shares of LXP Industrial Trust (NASDAQ:LXP) on November 2, 2026. The transaction is coded "D" under Table I of the Form 4, indicating shares disposed of rather than acquired. The filing notes that the shares were held directly and that beneficial ownership following the reported transaction stands at zero.

The filing's footnote explains that the 50,356 shares, which comprised both common shares and non-vested restricted common shares, "were cancelled and converted into the right to receive an amount in cash equal to $61.20 per share at the Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on September 18, 2026." The Form 4 was signed by Joseph S. Bonventre as Attorney-in-Fact for Nabil Andrawis on November 2, 2026. No derivative securities were reported in Table II of the filing.

The filing does not disclose the identity of the merger counterparty or any additional terms of the Merger Agreement beyond what is summarized above. For further details, the filing directs readers to the Company's Proxy Statement filed with the SEC on September 18, 2026.

What Was Disclosed

This Form 4 discloses that EVP Nabil Andrawis disposed of 50,356 LXP Industrial Trust common and restricted shares at $61.20 per share on November 2, 2026, as a result of those shares being cancelled and converted to cash under the terms of a Merger Agreement.