LXP Industrial Trust·4

Apr 3, 2:52 PM ET

Johnson Derrick L 4

Research Summary

AI-generated summary

Updated

LXP Director Derrick Johnson Receives 664-Share Award

What Happened
Derrick L. Johnson, a director of LXP Industrial Trust (LXP), was granted 664 common shares on April 3, 2026 as an award/compensation (transaction code A). The shares were valued at $48.90 each, for a total reported value of $32,466. This transaction represents routine trustee compensation rather than an open-market purchase or sale.

Key Details

  • Transaction date: 2026-04-03; price reported: $48.90 per share; total value: $32,466.
  • Transaction type: Award/Grant (code A) — issuance of shares as trustee fees.
  • Shares reported acquired: 664. Shares owned after transaction: not provided in the supplied filing data.
  • Footnotes: F1 — quarterly trustee fees issued at the average closing price over the quarter (explains the $48.90 price). F2 — the 664 shares include 523.905044 shares from the company-sponsored dividend reinvestment plan (DRIP).
  • Filing timeliness: Report filed the same day (2026-04-03), indicating a timely Form 4.

Context
This was a compensation issuance to a director (routine trustee fees and DRIP shares) and should be viewed as standard remuneration rather than a directional insider buy or sell signal. Awards and dividend-reinvestment entries are common and do not necessarily reflect the director's personal trading decision.