Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 30

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 30
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 opportunity under the 2024 executive compensation program were as follows:</div>

| Officer             
 Threshold           | Annualized Base 
 Salary          |         | Cash Incentive 
 Opportunity    
 Target         |   |         | Maximum |   |         |      |   |           |
|:--------------------|:----------------|--------:|:---------------|:--|--------:|:--------|:--|--------:|:-----|:--|----------:|
| T. Wilson Eglin     | $               | 840,000 | 56.25%         | $ | 472,500 | 112.5%  | $ | 945,000 | 225% | $ | 1,890,000 |
| Nathan Brunner      | $               | 485,000 | —%             | $ |       — | 100%    | $ | 485,000 | 200% | $ |   970,000 |
| Beth Boulerice      | $               | 485,000 | —%             | $ |       — | 100%    | $ | 485,000 | 200% | $ |   970,000 |
| Joseph S. Bonventre | $               | 530,000 | 50%            | $ | 265,000 | 100%    | $ | 530,000 | 200% | $ | 1,060,000 |
| Brendan P. Mullinix | $               | 475,000 | 50%            | $ | 237,500 | 100%    | $ | 475,000 | 200% | $ |   950,000 |

<div align='center'>Seventy percent (70%) of the annual cash incentive opportunity was based on pre-defined objective measures (from January 1, 2024 to December 31, 2024) and 30% was based on subjective measures. For 2024 only, and to ensure an efficient transition of the CFO position, Mr. Brunner and Ms. Boulerice had annual cash incentive awards with contractual minimums at their respective target opportunities. While the Compensation Committee does not regularly guarantee annual cash incentive awards, it believed the guarantee was necessary to ensure an efficient transition. Mr. Brunner was also awarded a $250,000 initial cash bonus upon joining us in September 2024. Objective Measures The following sets forth the pre-defined objective measures, the weighting and the rationale for