Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 34

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 34
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2025, Ms. Boulerice stepped down as Chief Financial Officer and Treasurer and her annual base salary was reduced to $100,000. Annual Cash Incentive Opportunity. The annual cash incentive opportunity for the 2025 executive compensation program for our named executive officers will be a percentage of base salary as follows:</div>

| Officer             | Threshold |   |         | Target |   |           | Maximum |   |           |
|:--------------------|:----------|:--|--------:|:-------|:--|----------:|:--------|:--|----------:|
| T. Wilson Eglin     | 62.5%     | $ | 525,000 | 125%   | $ | 1,050,000 | 250%    | $ | 2,100,000 |
| Nathan Brunner      | 50%       | $ | 250,000 | 100%   | $ |   500,000 | 200%    | $ | 1,000,000 |
| Joseph S. Bonventre | 50%       | $ | 265,000 | 100%   | $ |   530,000 | 200%    | $ | 1,060,000 |
| Brendan P. Mullinix | 50%       | $ | 245,000 | 100%   | $ |   490,000 | 200%    | $ |   980,000 |

| 42 |

<div align='center'>As of March 1, 2025. Ms. Boulerice no longer participates in the executive compensation program. Ms. Boulerice’s transition agreement provided for an $85,000 annual cash incentive for 2025, which was paid on March 15, 2025. Seventy percent (70%) of the annual cash incentive opportunity for our named executive officers, other than Ms. Boulerice, will be determined by predefined objective performance measures based on our 2025 business plan for the period commencing January 1, 2025 and ending December 31, 2025. The following is a summary of the objective performance measures:</div>

| Item                       | Weighting |
| Portfolio Management       | 35%       |
| Investment Performance     | 35%       |
| Balance Sheet              | 20%       |
| Corporate Responsibilities | 10%       |

<div align='center'>The target and actual amounts and the Compensation Committee