Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 67

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 67
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ers’ or appraisal rights are available with respect to any of the proposals being submitted to shareholders for their consideration at the Annual Meeting. What am I voting on? You will be voting on the following proposals:</div>

| (1) | to elect eight trustees to serve until the 2026 Annual Meeting of Shareholders or their earlier removal 
 or resignation and until their respective successors, if any, are elected and qualify;                  |

| (2) | to consider and vote upon an advisory, non-binding resolution to approve the compensation of our named 
 executive officers, as disclosed in this proxy statement;                                              |

| (3) | a proposal to approve an amendment to the LXP Industrial Trust 2022 Equity-Based Award Plan to increase 
 the number of shares available for issuance thereunder by 5,000,000 common shares;                      |

| (4) | to consider and vote upon the ratification of the appointment of Deloitte & Touche LLP as our independent 
 registered public accounting firm for the fiscal year ending December 31, 2025; and                       |

| (5) | to transact such other business as may properly come before the 2025 Annual Meeting of Shareholders or 
 any adjournment or postponement thereof.                                                               |

| 69 |

Will there be any other items of business on the agenda?

The Board
of Trustees is not presently aware of any other items of business to be properly presented for a vote at the Annual Meeting other than
the proposals noted above. Nonetheless, in case there is an unforeseen need, your proxy gives discretionary authority to Joseph S. Bonventre
and Heather Gentry, or either of them, with respect to any other matters that might be properly presented at the meeting or any postponement
or adjournment thereof.

Why am I being asked to vote on executive compensation?

The Dodd-Frank
Act requires us, as a public company, to seek a non-binding advisory vote from our shareholders to approve the compensation awarded to
our named executive officers, as disclosed in this proxy statement. Based on the non-binding advisory recommendation selecting an annual
frequency of such non-binding advisory votes at the 2023 Annual Meeting of Shareholders, we are currently seeking a vote from shareholders
on an advisory resolution to approve the compensation awarded to our named executive officers on an annual basis. This advisory vote is
non-binding, but the Board of Trustees considers our shareholders’ concerns and takes them into account in determinations concerning
our executive compensation program. See “