Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 32

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 32
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 interpolation is used to determine awards for results between performance levels.               |                          |                                                                   |
| Dividends         | Accrue and are only payable if and to the extent the shares                                     
 vest.                                                                                           |                          | Currently paid.                                                   |
| Rationale         | Performance assessments within our applicable industry group                                    
 and competitor peer group similar to shareholder comparison when making an investment decision. |                          | Enhance retention and promote longer-term equity ownership in us. |

| (1) | Initially consisting of: Broadstone Net Lease, Inc. (BNL), EastGroup Properties, Inc. (EGP), Essential                                    
 Properties Realty Trust, Inc. (EPRT), First Industrial Realty Trust Inc. (FR), Getty Realty Corp. (GTY), Global Net Lease Inc. (GNL),     
 Industrial Logistics Properties Trust (ILPT), 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).                                       |

<div align='center'>Mr. Brunner did not receive a 2024 annual long-term incentive award, but was awarded an initial long-term incentive award of 150,000 non-vested common shares on September 3, 2024, which vest in equal installments on September 3, 2025, January 1, 2026 and January 1, 2027.</div>

| 40 |

<div align='center'>Performance-Based Opportunity of Outstanding Long-Term Incentive Awards. The table below summarizes the results of the 2022 performance-based long-term incentive awards, which was completed at the end of 2024, and the performance to the end of 2024 for the 2023 and 2024 performance-based long-term incentive awards.</div>

| Grant Year (Performance Period) 
 and Metrics                     | Metric    
 Weighting |            2022 |            2023 |                 2024 | 2025 | 2026 | Payout         
 as % of Target |
| 2022 Grant (Jan 2022-Dec 2024)  |           |                 |                 |                      |      |      |                |
| Relative TSR vs. Peer Group     | 50%       | Below Threshold |                 |                      |      |      | 0%             |
| Relative