Director at Lithia Motors (LAD) receives 715 restricted stock units as equity grant

Rhea-AI Filing Summary

Loretz Congdon Stacy reported acquisition or exercise transactions in this Form 4 filing.

Lithia Motors Inc director Stacy Loretz Congdon received a grant of 715 restricted stock units of common stock. The award was made at no cash cost per share and increases her direct holdings to 2,450 shares. Each restricted stock unit represents a contingent right to receive one share of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Loretz Congdon Stacy

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 — 2,450 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 715 units Grant price per share: $0.0000 per share Shares after transaction: 2,450 shares

3 metrics

RSUs granted 715 units Restricted stock units of common stock granted to director

Grant price per share $0.0000 per share Stated price for restricted stock unit grant

Shares after transaction 2,450 shares Total direct holdings following the grant

Key Terms

restricted stock units, contingent right, Form 4

3 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.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Loretz Congdon Stacy

(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(1)	A	$0	2,450	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 LAD director Stacy Loretz Congdon report?

Stacy Loretz Congdon reported receiving a grant of 715 restricted stock units in Lithia Motors Inc common stock. These units are a form of equity compensation that will convert into shares of common stock if vesting conditions are met.

How many Lithia Motors (LAD) shares does the director hold after this grant?

After the reported grant, Stacy Loretz Congdon directly holds 2,450 shares of Lithia Motors Inc common stock. This total includes the new 715 restricted stock units awarded under the company’s equity compensation arrangements.

Was cash paid for the LAD restricted stock units granted to the director?

No cash was paid for the 715 restricted stock units granted to Stacy Loretz Congdon. The units were awarded at a stated price of $0.0000 per share, reflecting compensation rather than an open-market purchase.

What does each restricted stock unit in this LAD Form 4 represent?

Each restricted stock unit represents a contingent right to receive one share of Lithia Motors Inc common stock. The units typically convert into actual shares once specified vesting or service conditions are satisfied under the company’s equity plan.

Is this LAD Form 4 transaction a buy or a grant of shares?

This Form 4 reflects a grant or award acquisition of 715 restricted stock units, not an open-market share purchase. The transaction is coded as a grant, meaning it is part of the director’s equity-based compensation package.