A Statement of Changes in Beneficial Ownership was filed on November 2, 2026, by Nancy Elizabeth Noe, a director of LXP Industrial Trust, reporting the cancellation of 14,084 common shares converted to cash at $61.20 per share pursuant to a merger agreement.

Key Highlights

  • Reporting person: Nancy Elizabeth Noe, identified as a director of LXP Industrial Trust (NYSE:LXP).
  • Transaction date: November 2, 2026, with a disposition (Code D) of 14,084 common shares held indirectly by trust.
  • Cancellation price: Shares were cancelled and converted into the right to receive $61.20 per share in cash at the Effective Time of the merger.
  • Merger authority: According to the filing, the transaction was made in accordance with the terms of the Merger Agreement as disclosed in the company's Proxy Statement filed with the SEC on September 18, 2026.
  • Ownership transfer: The filing notes that 542 common shares were transferred from direct to indirect ownership since the last filing, and the reporting person disclaims ownership except to the extent of her pecuniary interest.

Director Share Cancellation at LXP Industrial Trust in Merger Transaction

According to the filing, Nancy Elizabeth Noe, serving as a director of LXP Industrial Trust, reported the disposition of 14,084 common shares on November 2, 2026. The shares were held indirectly through a trust and were not sold in an open-market transaction. Instead, they 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 the filing states. LXP Industrial Trust is a real estate investment trust focused on industrial properties.

The filing references the Merger Agreement as defined and disclosed in LXP Industrial Trust's Proxy Statement filed with the Securities and Exchange Commission on September 18, 2026. The filing was signed by Joseph S. Bonventre as Attorney-in-Fact on behalf of Nancy Elizabeth Noe. Additionally, the filing discloses that 542 common shares were transferred from direct to indirect beneficial ownership since the last filing, and the reporting person disclaims ownership of the reported securities except to the extent of her pecuniary interest therein.

What Was Disclosed

This filing reported the cancellation of 14,084 indirectly held common shares of LXP Industrial Trust belonging to director Nancy Elizabeth Noe, converted to a cash right of $61.20 per share under a merger agreement disclosed in a September 18, 2026 proxy statement.