Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 35

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 35
---
), 
 Industrial Logistics Properties Trust (ILPT),                                                                                         |

| 43 |

<div align='center'>NNN REIT, Inc. (NNN), Plymouth Industrial REIT Inc. (PLYM), Rexford Industrial Realty, Inc. (REXR), Stag Industrial, Inc. (STAG), Terreno Realty Corporation (TRNO), and W.P. Carey Inc. (WPC). The long-term incentive opportunity is as follows:</div>

| Officer             | Performance-Based 
 Opportunity       
 Threshold         |           | Target |           | Maximum |           | Service-Based 
 Award         |           | Total              
 Target Opportunity |           |    Change 
 from 2024 |   |
|:--------------------|:------------------|----------:|:-------|----------:|:--------|----------:|:--------------|----------:|:-------------------|----------:|----------:|:--|
| T. Wilson Eglin     | $                 | 1,080,000 | $      | 2,160,000 | $       | 4,320,000 | $             | 1,440,000 | $                  | 3,600,000 |         6 | % |
| Nathan Brunner      | $                 |   255,000 | $      |   510,000 | $       | 1,020,000 | $             |   340,000 | $                  |   850,000 |       N/A |   |
| Joseph S. Bonventre | $                 |   390,000 | $      |   780,000 | $       | 1,560,000 | $             |   520,000 | $                  | 1,300,000 |         4 | % |
| Brendan P. Mullinix | $                 |   330,000 | $      |   660,000 | $       | 1,320,000 | $             |   440,000 | $                  | 1,100,000 |         5 | % |

<div align='center'>The number of performance-based non-vested shares (calculated using maximum opportunity level for accounting purposes) and service-based non-vested shares granted and issued was based on the closing price of our common shares on January 2, 2025 (the date specified in the Compensation Committee’s approval), which was $8.01 per share; with the number of performance-based non-vested