LXP Industrial Trust adopts forms of restricted and performance-based equity award agreements for employees

LXP Industrial Trust

Compensation Committee approved Restricted Share Agreement and Nonvested Share Agreement under the 2022 Equity-Based Award Plan.
Restricted shares vest ratably over three years; one-third on each January 1 subject to continuous service.
Nonvested Share Agreement includes performance-based shares vesting based on TSR relative to an index and a peer group.
Performance shares vest only if company attains goals set by Compensation Committee within 30 days after performance period.
Both agreements contain standard clawback provisions and prohibit transfer prior to vesting.

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