Director Jamie Handwerker filed a Form 4 with the SEC on November 2, 2026, reporting the cancellation of 26,554 common shares of LXP Industrial Trust in connection with a merger transaction.

Key Highlights

  • Reporting person: Jamie Handwerker, identified as a Director of LXP Industrial Trust.
  • Transaction date: November 2, 2026, with the same date as the earliest reported transaction.
  • Shares affected: 26,554 common shares were disposed of (transaction code D), held directly.
  • Per-share cash consideration: $61.20 per share, to be received at the Effective Time of the merger.
  • Nature of disposition: Shares were cancelled and converted into the right to receive cash under the terms of a Merger Agreement.
  • Merger Agreement reference: Defined and disclosed in the company's Proxy Statement filed with the SEC on September 18, 2026.

Handwerker's LXP Shares Cancelled at $61.20 Under Merger Agreement

According to the Form 4 filed on November 2, 2026, Jamie Handwerker, a director of LXP Industrial Trust (NYSE:LXP), reported the disposition of 26,554 directly held common shares. The filing indicates the shares were not sold on the open market but were instead cancelled and converted into the right to receive $61.20 per share in cash at the Effective Time of the merger, as defined in a Merger Agreement.

The filing's footnote states that the transaction represents "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." The form was signed by Joseph S. Bonventre as Attorney-in-Fact on behalf of Handwerker.

No derivative securities were reported in Table II of the filing. The form was filed by one reporting person and indicates direct ownership of the shares disposed. Following the reported transaction, the filing does not list any remaining beneficial ownership of common shares for Handwerker, consistent with the cancellation of those shares under the merger terms.

What Was Disclosed

Director Jamie Handwerker reported the cancellation of 26,554 directly held LXP Industrial Trust common shares on November 2, 2026, at $61.20 per share in cash, pursuant to a Merger Agreement referenced in the company's September 18, 2026 Proxy Statement.