Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 28

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 28
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<div align='center'>Determining the Amount of Each Element of Compensation. The Compensation Committee reviews the performance of each of our named executive officers, including our Chief Executive Officer, on an annual basis. The Compensation Committee considers, among other things, (1) the scope of the individual’s responsibilities, including the demands and profile of the positions held by the individual, (2) the individual’s experience and tenure with us, (3) the individual’s performance and contribution to our performance, (4) our performance against annual objectives set forth in management’s business plan, and (5) competitive salaries. The Compensation Committee considers the results of compensation studies prepared for it by FPC and by industry and trade associations. Our Chief Executive Officer assists in the annual review of our other named executive officers and makes recommendations to the Compensation Committee. However, the Compensation Committee makes all determinations with respect to the actual compensation of our named executive officers, including our Chief Executive Officer. The independent compensation consultant provides the following services to the Compensation Committee:</div>

| ● | Management Data Collection: |

| ○ | reviewing historical pay philosophy and practices; |

| ○ | confirming the existing compensation philosophy; and |

| ○ | reviewing the Chief Executive Officer’s recommendations. |

| ● | Compensation Guidance and Commentary: |

| ○ | providing initial thoughts and reactions to the Chief Executive Officer’s recommendations given 
 current market practices and performance;                                                       |

| ○ | providing thoughts and perspectives on the broader REIT market, from a compensation perspective, based 
 on ongoing conversations with executives/board members and up-to-date compensation data; and           |

| ○ | providing a compensation study described above and recommendations regarding peer group data. |

<div align='center'>Compensation Risk Assessment The Compensation Committee does not believe our executive compensation programs encourage unnecessary or excessive risk taking for the following reasons:</div>

| ● | There are no guaranteed minimum payouts. |

| ● | The annual cash incentive opportunity does not rely on total shareholder return ("TSR"). |

| ● | The annual cash incentive opportunity is based on multiple operational performance metrics. |

| ● | We use two adjusted/non-GAAP metrics in our compensation opportunities, but we regularly disclose these      
 metrics, including reconciliations, and analysts and investors use these metrics to compare us to our peers. |

| ● | The annual long-term incentive opportunity has a three-year performance period based on TSR relative to 
 a competitor peer group and an index.                                                                   |

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