Director Derrick L. Johnson filed a Form 4 with the SEC on November 2, 2026, reporting the cancellation of 13,032 common shares of LXP Industrial Trust at $61.20 per share in connection with a merger transaction.

Key Highlights

  • Shares disposed: 13,032 common shares were cancelled and converted into the right to receive cash at the Effective Time of the merger.
  • Cash consideration: Each share was converted into the right to receive $61.20 per share, according to the filing.
  • Transaction date: The disposition was recorded on November 2, 2026.
  • Reporting person: Derrick L. Johnson, identified in the filing as a Director of LXP Industrial Trust.
  • Merger reference: The cancellation is described as occurring in accordance with the terms of the Merger Agreement, as defined and disclosed in the company's Proxy Statement filed with the SEC on September 18, 2026.
  • Transaction code: The transaction is coded "D" (disposed of) in the filing's Table I for non-derivative securities.

LXP Industrial Trust Director Reports Share Cancellation at Merger Close

According to the Form 4 filed on November 2, 2026, Director Derrick L. Johnson reported the disposal of 13,032 common shares of LXP Industrial Trust (NASDAQ:LXP) through cancellation at the Effective Time of a merger. The filing states that the 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 disposition is reported in Table I of the Form 4 as a direct ownership transaction coded "D," reflecting shares disposed of rather than acquired. No derivative securities were reported in Table II of the filing. The form was signed by Joseph S. Bonventre as Attorney-in-Fact on behalf of Derrick Johnson, also dated November 2, 2026.

The filing does not report any remaining beneficial ownership of common shares following the transaction. The Form 4 was filed by one reporting person, and no amendment to a prior filing is indicated. The address of record for the reporting person is listed as c/o LXP Industrial Trust, 515 N. Flagler Drive, Suite 408, West Palm Beach, Florida 33401.

What Was Disclosed

Director Derrick L. Johnson disclosed the cancellation of 13,032 LXP Industrial Trust common shares at $61.20 per share on November 2, 2026, in connection with a merger, as detailed in a Proxy Statement filed September 18, 2026.