Joseph Bonventre, EVP, COO, General Counsel and Secretary of LXP Industrial Trust, filed a Form 4 on November 2, 2026, reporting the cancellation and conversion of 211,509 common shares into cash at $61.20 per share in connection with a merger transaction.

Key Highlights

  • Reporting person: Joseph Bonventre, identified in the filing as EVP, COO, General Counsel and Secretary of LXP Industrial Trust.
  • Transaction date: November 2, 2026, the date of earliest transaction reported.
  • Shares disposed - indirect: 53,831 common shares held indirectly through GTLOC LP were disposed of at $61.20 per share.
  • Shares disposed - direct: 157,678 common shares held directly were disposed of at $61.20 per share.
  • Total shares disposed: 211,509 shares across both direct and indirect holdings, per the filing.
  • Transaction nature: Shares, including non-vested restricted common shares, were cancelled and converted into the right to receive $61.20 per share in cash at the Effective Time of the Merger Agreement.
  • Merger reference: The filing cites the Merger Agreement as defined and disclosed in the company's Proxy Statement filed with the SEC on September 18, 2026.

LXP Industrial Trust Merger Converts Bonventre Holdings to Cash at $61.20

According to the Form 4 filed with the SEC on November 2, 2026, Joseph Bonventre reported two dispositions of common shares in LXP Industrial Trust (NYSE:LXP), both coded "D" and both occurring on November 2, 2026. The filing uses transaction code "D" for disposed shares and notes a price of $61.20 per share for each transaction.

The filing explains that the dispositions represent "common shares and non-vested restricted common shares that 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." Of the total shares disposed, 157,678 were held directly and 53,831 were held indirectly through an entity identified as GTLOC LP.

The filing does not indicate any remaining beneficial ownership of common shares following the reported transactions, and no derivative securities transactions are reported in Table II. The form was signed by Joseph Bonventre and dated November 2, 2026. The filing was made by one reporting person and was not marked as an amendment to a prior filing.

What Was Disclosed

Joseph Bonventre, EVP, COO, General Counsel and Secretary of LXP Industrial Trust, reported the merger-related cancellation of 211,509 direct and indirect common shares at $61.20 per share on November 2, 2026, per the terms of the company's Merger Agreement.