Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 33

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 33
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, Nonqualified Deferred Compensation Earnings and All Other Compensation from the Summary Compensation Table below for the applicable year and the value realized upon vesting of long-term incentive share awards for the applicable years. Our share awards consist of the following:</div>

| ● | Service-based equity awards: The grant date fair value of the award is based on the closing price                                           
 of the common shares on the date of grant (or, if the date of grant was not a trading day, the last trading day prior to the date of grant) 
 and does not reflect any time-based vesting conditions or service period even though it is not “realized” pay.                              |

| ● | Performance-based equity awards: The grant date fair value of the award is determined using a Monte                                       
 Carlo simulation model, which is an estimation of the value based on hypothetical models. However, if such performance is never achieved, 
 the awards will not result in “realized” pay.                                                                                             |

| 41 |

<div align='center'>Reported pay is the Total amount in the Summary Compensation Table below, and realized pay is calculated by subtracting the Share Awards in the Summary Compensation Table from reported pay and adding the Value Realized on Vesting from the Option Exercises and Stock Vested table below. Elements of Compensation Program Applicable to Named Executive Officers for 2025. Base Salary. For 2025, the Compensation Committee approved increases in base salaries for certain of our named executive officers as noted below to ensure base salaries, and, in certain situations, overall compensation, remains competitive and in line with their roles and responsibilities. The Chief Executive Officer’s base salary was not changed. Base salaries are as follows:</div>

| Officer             |        2025 
 Base Salary |        2024 
 Base Salary | %      
 Change |
| T. Wilson Eglin     | $   840,000 | $   840,000 | 0%     |
| Nathan Brunner      | $   500,000 | $   485,000 | 3%     |
| Beth Boulerice      | $   500,000 | $   485,000 | 3%     |
| Joseph S. Bonventre | $   530,000 | $   530,000 | 0%     |
| Brendan P. Mullinix | $   490,000 | $   475,000 | 3%     |

<div align='center'>On March 1,