Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 36

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 36
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,875,403 |           |

| (1) | The amounts shown include amounts earned but a portion of which may be deferred at the election of the 
 officer under our 401(k) Plan.                                                                         |

| (2) | Equals the aggregate grant date fair value of awards granted in the applicable year computed in accordance                                  
 with Financial Accounting Standards Board Accounting Standard Codification Topic 718. The fair value of share awards subject to time-       
 based vesting conditions or service periods 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. The fair value of share awards subject to performance-based vesting conditions is determined using a Monte Carlo simulation 
 model.                                                                                                                                      |

| (3) | Amounts were paid pursuant to a non-equity incentive plan described in the applicable year’s definitive 
 proxy statement.                                                                                        |

| (4) | Non-qualified deferred compensation consists solely of a trust established for the benefit of Mr. Eglin,                                
 into which, in previous years, he had the option to place non-vested common share awards. Dividends on these shares are the same as all 
 those paid on all common shares and are paid by us to the trust, which makes a corresponding distribution to the participant. Earnings  
 consist of dividends and increase/decrease in market value of the common shares in the trust. None of the earnings were above- market.  
 See “Non-Qualified Deferred Compensation,” below.                                                                                       |

| (5) | Amount represents contributions by us to the executive officer’s account under our 401(k) Plan.                                            
 Dividends paid upon non-vested common shares associated with outstanding equity incentive awards are excluded in accordance with SEC rules 
 as they were reflected in the grant date fair values of such awards.                                                                       |

| 45 |

<div align='center'>Grants of Plan-Based Awards The following table sets forth summary information concerning all grants of plan-based awards made to the named executive officers during the fiscal year ended December 31, 2024.</div>

|                     | Grant     | Estimated                                                           
 Future Payouts Under Non-Equity Incentive Plan Awards (Cash) ($)(1) |         |        |         |         |           |                                                      Estimated 
 Future Payouts Under Equity Incentive Plan Awards (Shares)