secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001444838-23-000002
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000144483823000002/0001444838-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000144483823000002/lxp-20230110.htm
  HTML page:      https://secwatch.observer/filing/0001444838-23-000002

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