Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 4

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1
Chunk 4
---
 talent by providing competitive compensation and benefits and by working to maintain a culture that is supportive and collaborative and that provides opportunities for both personal and professional growth. Some of our benefit highlights are:

•The compensation for employees above a certain level generally includes long-term equity awards, giving them ownership in us in an effort to retain their services.

•Medical insurance with a portion of the premiums paid by us. The minimum employee portion of premium to participate in one of the medical insurance plans for a single employee making less than $100,000 in base salary per year is $1 per month.

•Dental and vision benefits at no cost to all of our employees.

•A minimum of 14 paid time off, or PTO, days for first year employees, which increases to 19 PTO days in the third and fourth year of employment and 24 PTO days in the fifth year of employment.

•A 401(k) plan where all employees can defer a portion of their compensation and receive matching and profit sharing contributions from the Company.

•Flexible working arrangements where employees are able to work from home on specified days per workweek.

•Professional development policy providing full reimbursement for career-relevant trainings and classes and professional organizations and other resources.  

•Employee stock purchase plan where all employees can defer a portion of their salary to purchase Company stock at a discount.

•Semi-annual performance reviews and an online platform to provide real-time feedback.

•Anniversary bonuses for employees who have reached certain tenure amounts.

Training and Development. In addition to our professional development policy, we maintain a variety of training programs for our employees, including annual trainings for sustainability, accounting, cybersecurity, human rights, harassment (for managers and non-managers) and anti-corruption/bribery. During 2024, none of our employees violated our anti-corruption/bribery policies and we did not pay any fines for violating anti-corruption/bribery laws or regulations.

7

Employee Engagement.  We regularly engage our employees through the following methods:

•During 2024, we conducted a mid-year performance review for our non-executive employees and a year-end performance review for all of our employees.  The year-end performance review consisted of a 180-degree review where non-executive employees reviewed their immediate supervisor. We believe this 180-degree review provides an objective measurement of our employees' performance. The performance of each of our executive-titled employees is reviewed by our Chief Executive Officer, which is presented to, and discussed by, the Compensation Committee of