Director Howard Stewart Roth filed a Form 4 with the SEC on November 2, 2026, reporting the cancellation of 23,523 common shares of LXP Industrial Trust converted into a cash right under the terms of a merger agreement.

Key Highlights

  • Shares cancelled: 23,523 common shares were disposed of (transaction code D) on November 2, 2026.
  • Merger price: Each share was converted into the right to receive $61.20 in cash at the Effective Time, according to the filing.
  • Merger authority: The transaction was made in accordance with the Merger Agreement as defined and disclosed in the company's Proxy Statement filed with the SEC on September 18, 2026.
  • Reporting person: Howard Stewart Roth, identified as a Director of LXP Industrial Trust (NYSE:LXP), is the reporting person.
  • Remaining ownership: Following the transaction, the filing shows zero common shares beneficially owned directly by Roth.
  • Signed by attorney-in-fact: The form was signed by Joseph S. Bonventre as Attorney-in-Fact on behalf of Howard Stewart Roth.

Director Roth's Shares Cancelled in LXP Industrial Trust Merger

According to the Form 4 filing dated November 2, 2026, Director Howard Stewart Roth reported the disposition of 23,523 common shares of LXP Industrial Trust. The filing classifies the transaction with code "D" and attributes it to the cancellation of shares at the Effective Time of a merger, with each share converted into the right to receive $61.20 in cash.

The filing's footnote 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 transaction is therefore not a voluntary open-market sale but a conversion of equity into a cash entitlement as part of a corporate merger event. The shares were held directly by Roth prior to the transaction.

No derivative securities were reported in Table II of the filing. The form was filed by one reporting person and signed by Joseph S. Bonventre as Attorney-in-Fact on behalf of Howard Stewart Roth on November 2, 2026. The filing does not indicate any remaining direct or indirect beneficial ownership of LXP common shares following the reported transaction.

What Was Disclosed

Director Howard Stewart Roth disclosed the cancellation of 23,523 LXP Industrial Trust common shares at $61.20 per share on November 2, 2026, pursuant to a merger agreement referenced in the company's September 18, 2026 Proxy Statement.