Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 10

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 10
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        2023 |        2022 |  Three-Year 
     Average |
| Restricted shares granted                 |     690,852 |     469,487 |     314,573 |     491,637 |
| Performance shares granted (at “Maximum”) |     978,359 |     815,217 |     565,435 |     786,337 |
| Performance shares vested                 |     119,519 |     266,812 |     552,121 |     312,817 |
| Total Shares (1)                          |     810,371 |     736,299 |     866,694 |     804,455 |
| Weighted Average Shares Outstanding Basic | 291,472,930 | 290,245,877 | 279,887,760 | 287,202,189 |
| Burn Rate                                 |       0.28% |       0.25% |       0.31% |       0.28% |

| (1) | Reflects                                                                               
 the aggregate number of restricted shares granted and performance shares vested in the 
 applicable year.                                                                       |

<div align='center'>The historical amounts shown above are not necessarily indicative of the shares that might be awarded in 2025 and beyond. Based on generally accepted evaluation methodologies, we conclude that the number of shares under the 2022 Amended Plan (after giving effect to the 2022 Plan Amendment) is well within generally accepted standards as measured by an analysis of the plan cost relative to industry standards. The Approval of the 2022 Plan Amendment requires a majority of the votes cast on the proposal at the Annual Meeting.</div>

| THE BOARD OF TRUSTEES UNANIMOUSLY RECOMMENDS 
 THAT                                         
 SHAREHOLDERS VOTE FOR PROPOSAL NO. 3.        |

<div align='center'>PROPOSAL NO. 4 RATIFICATION OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM The Audit and Cyber Risk Committee has appointed Deloitte & Touche LLP (“Deloitte”) as our independent registered public accounting firm for the fiscal year ending December 31, 2025. Although Shareholder ratification of the appointment of our independent registered public accounting firm is not required by our bylaws or otherwise, we are submitting the selection of Deloitte for ratification as a matter of good corporate governance practice. Even if the selection is ratified, the Audit and Cyber Risk Committee in