Director Arun Gupta filed a Form 4 with the SEC on November 2, 2026, disclosing the cancellation and conversion of 19,847 common shares of LXP Industrial Trust into a cash payment of $61.20 per share pursuant to a merger agreement.

Key Highlights

  • Reporting person: Arun Gupta, director of LXP Industrial Trust (NYSE:LXP)
  • Transaction date: November 2, 2026
  • Transaction code: D (Disposed Of)
  • Shares affected: 19,847 common shares cancelled and converted to cash
  • Price per share: $61.20, representing the merger consideration
  • Post-transaction beneficial ownership: 0 directly held common shares following the reported transaction
  • Basis: Cancellation occurred at the Effective Time in accordance with a Merger Agreement disclosed in the company's Proxy Statement filed with the SEC on September 18, 2026

LXP Industrial Trust Director Arun Gupta's Shares Cancelled in Merger Closing

According to the filing, director Arun Gupta reported the disposal of 19,847 common shares of LXP Industrial Trust on November 2, 2026. The filing discloses that these shares were not sold in an open-market transaction but were instead "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 transaction code recorded is "D," indicating a disposal of securities. Following the reported transaction, the filing shows Gupta's directly held beneficial ownership of common shares stands at zero. The form was filed by one reporting person and was signed by Joseph S. Bonventre as attorney-in-fact on behalf of Arun Gupta on November 2, 2026. No derivative securities were reported in the filing.

The filing contains no information about any open-market purchase, scheduled 10b5-1 plan, or other transaction type. The disposal is characterized entirely as a merger-related cancellation and conversion event, with the Proxy Statement referenced as the governing disclosure document for the underlying Merger Agreement.

What Was Disclosed

Director Arun Gupta disclosed the merger-related cancellation of 19,847 LXP Industrial Trust common shares at $61.20 per share on November 2, 2026, reducing his directly held beneficial ownership to zero, pursuant to the terms of a previously disclosed Merger Agreement.