T. Wilson Eglin, Chairman, CEO and President of LXP Industrial Trust, filed a Form 4 on November 2, 2026, reporting the cancellation of common shares and non-vested restricted common shares converted into a cash payment under the terms of a merger agreement.

Key Highlights

  • Transaction date: November 2, 2026, the date of earliest transaction reported in the filing.
  • Direct shares cancelled: 779,900 common shares disposed of directly at $61.20 per share.
  • Indirect shares cancelled: 26,172.0744 common shares held indirectly through a Rabbi Trust, also disposed of at $61.20 per share.
  • Transaction code: Both dispositions are recorded with transaction code D in the filing.
  • Merger consideration: Shares were cancelled and converted into the right to receive $61.20 per share in cash at the Effective Time, per the filing's footnote.
  • Merger reference: The filing cites the Merger Agreement as defined and disclosed in the company's Proxy Statement filed with the SEC on September 18, 2026.

LXP Industrial Trust Merger Drives Eglin Share Cancellation on November 2, 2026

According to the Form 4 filed with the SEC, T. Wilson Eglin, serving as Chairman, CEO and President of LXP Industrial Trust (NYSE:LXP), reported two dispositions of common shares on November 2, 2026. The filing indicates that 779,900 shares held directly and 26,172.0744 shares held indirectly through a Rabbi Trust were both disposed of at a price of $61.20 per share. LXP Industrial Trust is a real estate investment trust focused on industrial properties.

The filing's footnote states that the reported transactions "represent 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 Form 4 was signed by Joseph S. Bonventre as Attorney-in-Fact for Eglin on November 2, 2026.

Following these reported transactions, no remaining beneficial ownership figures are listed for the reporting person in Table I of the filing, consistent with a full cancellation of the covered shares at the merger's Effective Time. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing discloses the cancellation of directly and indirectly held common shares belonging to Eglin at $61.20 per share, pursuant to a merger agreement referenced in LXP Industrial Trust's Proxy Statement dated September 18, 2026.