Director James Lentz granted 715 RSUs at Lithia Motors (NYSE: LAD)

Rhea-AI Filing Summary

Lentz James E. reported acquisition or exercise transactions in this Form 4 filing.

Lithia Motors Inc director James E. Lentz received an equity grant of 715 restricted stock units on Common Stock as compensation. The award was recorded at a price of $0.00 per share, indicating it was a non-cash grant rather than an open-market purchase. Each restricted stock unit represents a contingent right to receive one share of Common Stock. Following this grant, Lentz’s directly held position increased to 3,260 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lentz James E.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Lithia Motors Inc Common Stock	715	$0.00	--

Holdings After Transaction: Lithia Motors Inc Common Stock — 3,260 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 715 units Grant price: $0.00 per share Total direct holdings: 3,260 shares +2 more

5 metrics

RSUs granted 715 units Restricted stock units granted to director James E. Lentz on April 30, 2026

Grant price $0.00 per share Stated price per share for the RSU grant

Total direct holdings 3,260 shares Common Stock directly held by James E. Lentz after the transaction

Transaction code A Classified as grant, award, or other acquisition on Form 4

Acquire transactions 1 transaction Single acquisition event in the filing’s transaction summary

Key Terms

restricted stock units, Common Stock, transaction code, grant, award, or other acquisition

4 terms

restricted stock units financial

"Acquisition of restricted stock units. Each restricted stock unit represents a contingent right"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Common Stock financial

"Each restricted stock unit represents a contingent right to receive one share of Common Stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code regulatory

"transaction_code": "A", "transaction_code_description": "Grant, award, or other acquisition""

grant, award, or other acquisition regulatory

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lentz James E.

(Last) (First) (Middle)

150 N. BARTLETT ST

(Street)

MEDFORD OREGON 97501

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LITHIA MOTORS INC [ LAD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Lithia Motors Inc Common Stock	04/30/2026		A		715	A(1)	$0	3,260	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Acquisition of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock.

Remarks:

	/s/ Kevin Cundick, Attorney-in-Fact	05/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Lithia Motors (LAD) report for James E. Lentz?

Lithia Motors reported that director James E. Lentz received 715 restricted stock units. The grant represents a compensation award, not an open-market share purchase, and each restricted unit is linked to one future share of Common Stock.

How many Lithia Motors (LAD) shares does James E. Lentz hold after this Form 4?

After the reported transaction, James E. Lentz directly holds 3,260 shares of Lithia Motors Common Stock. This reflects the addition of 715 restricted stock units granted as a compensation award recorded at a price of $0.00 per share.

Was the Lithia Motors (LAD) transaction a stock purchase by James E. Lentz?

No, the transaction was classified as a grant, award, or other acquisition, not a market purchase. Lentz received 715 restricted stock units at a stated price of $0.00, reflecting non-cash equity compensation rather than buying shares in the open market.

What do the restricted stock units granted at Lithia Motors (LAD) represent?

Each restricted stock unit granted to James E. Lentz represents a contingent right to receive one share of Common Stock. This means the units convert into shares in the future, typically based on vesting or service conditions defined by the company’s equity plan.

How is the Form 4 transaction for Lithia Motors (LAD) classified by the SEC codes?

The Form 4 lists the transaction under code A, meaning a grant, award, or other acquisition. It is tagged as an acquisition direction, non-derivative security, with 715 shares involved and total direct holdings rising to 3,260 shares after the grant.