LXP Industrial Trust
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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Sep 30, 2025 · Filed Oct 30, 2025
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ITEM 5. Other Information
During the three months ended September 30, 2025, no trustee or officer of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
On October 30, 2025, we amended and restated the form of executive severance policy agreement under the Lexington Realty Trust Executive Severance Plan adopted January 14, 2018 (the “Executive Severance Plan”) primarily to (1) adjust the severance multiple for certain terminations within a period of time of a change in control of up to 3.0 times for T. Wilson Eglin and 2.5 times for each of Joseph S. Bonventre and Nathan Brunner and (2) adjust the annual cash incentive portion of the severance calculation for T. Wilson Eglin, Joseph S. Bonventre, Nathan Brunner, Brendan P. Mullinix and James Dudley to be the greater of the executive's then target annual cash incentive opportunity and the average of the last two annual cash incentive awards. The foregoing summary of the amendments to the severance policy agreements is qualified in its entirety by reference to the form of Amended and Restated Executive Severance Policy Agreement, a copy of which is attached hereto as Exhibit 10.1.
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