Brendan P. Mullinix, EVP and Chief Investment Officer of LXP Industrial Trust, filed a Form 4 on November 2, 2026, reporting the disposal of 180,927 common shares at $61.20 per share in connection with a merger transaction.

Key Highlights

  • Reporting person: Brendan P. Mullinix, EVP and Chief Investment Officer of LXP Industrial Trust
  • Transaction date: November 2, 2026
  • Shares disposed: 180,927 common shares (including non-vested restricted common shares), transaction code D
  • Price per share: $61.20, received as cash consideration at the Effective Time of the merger
  • Beneficial ownership following transaction: 0 shares directly held, as reported in the filing
  • Merger basis: Shares were cancelled and converted into the right to receive $61.20 per share under the Merger Agreement disclosed in the company's Proxy Statement filed September 18, 2026

Merger-Driven Cancellation of Mullinix's LXP Industrial Trust Holdings

According to the filing, Brendan P. Mullinix reported a single disposal transaction on November 2, 2026, covering 180,927 shares of LXP Industrial Trust common stock (NASDAQ:LXP). The transaction code recorded is D, indicating a disposition. The filing states the price received was $61.20 per share, all held directly.

The filing's footnote explains the nature of the transaction: "Represents 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." The disposal therefore reflects the closing mechanics of the merger rather than an open-market sale.

Following the reported transaction, the filing shows no remaining directly held shares for Mullinix. The Form 4 was signed by Joseph S. Bonventre as Attorney-in-Fact on behalf of Mullinix and was filed on November 2, 2026, the same date as the earliest transaction. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

LXP Industrial Trust EVP and Chief Investment Officer Brendan P. Mullinix filed a Form 4 disclosing the merger-related cancellation and cash conversion of 180,927 common and non-vested restricted common shares at $61.20 per share on November 2, 2026, leaving no remaining directly held shares.