T. Wilson Eglin is the CEO and President of LXP Industrial Trust, a position he has held since April 2016. With a solid background in finance, he completed his Bachelor's Degree in Business Administration. Under Eglin's leadership, LXP has focused...

Number of Employees

64

Year

2023

Total Compensation

$4.46M

Salary

$825.00K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on maintaining competitive compensation while promoting accountability and performance.

Bonus

$1.01M

Board Justification

The annual cash incentive opportunity for 2023 was based on a percentage of base salary, with 70% determined by predefined objective performance measures and 30% based on subjective factors.

Other

$16.50K

Board Justification

This includes contributions to the executive officer’s account under the 401(k) Plan and life insurance premiums paid by the company.

Restricted Stock

$2.61M(256.5K common stock)

Board Justification

The stock that vested in 2023 was based on performance-based non-vested shares tied to relative TSR compared to peer groups, with no performance-based shares earned for results below the threshold level.

Performance Metrics

The performance metrics include operational performance measures based on the company's business plan for 2023.

SEC Filing

From April 8, 2024

T. Wilson Eglin

CEO of LXP Industrial Trust

L

Education

Not specified

Field of Expertise

Real Estate & Construction - Real Estate

Born

January 1, 1964 - 61 years ago

Is Founder?

No

Current Tenure

22 years 0 months (Jan 2003 - Present)

Previous Experience

Chief Operating Officer of LXP from October 1993 to December 2010