LCI Industries (LCII) exec exercises RSUs, receives new PSU and RSU grants

Rhea-AI Filing Summary

LCI Industries Group President – N.A. Ryan Richard Smith reported multiple equity transactions on March 1, 2026. He exercised 3,931, 3,722, and 4,069 restricted stock units at $133.20 each, receiving the same number of common shares.

To cover taxes, 5,194 common shares were disposed of through share withholding. Smith also received new awards of 8,368 restricted stock units and 12,552 performance stock units that may convert into common shares if return on invested capital and free cash flow goals are met by the end of 2028 and would vest on March 1, 2029.

In addition, 23,575 performance stock units granted on March 1, 2023 were forfeited after the company determined none would vest based on performance over the applicable period. RSU grants vest in equal installments over three years from their respective grant dates.

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

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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^*

SMITH RYAN RICHARD

(Last) (First) (Middle)

C/O LCI INDUSTRIES

3501 COUNTY ROAD 6 EAST

(Street)

ELKHART IN 46514-7663

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LCI INDUSTRIES [ LCII ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group President - N.A.

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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
Common Stock	03/01/2026		M		3,931	A	$133.2	14,023	D
Common Stock	03/01/2026		M		3,722	A	$133.2	17,745	D
Common Stock	03/01/2026		M		4,069	A	$133.2	21,814	D
Common Stock	03/01/2026		F		5,194	D	$0	16,620	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
Restricted Stock Unit	(1)	03/01/2026		M			3,931	(2)	03/01/2026	Common Stock	3,931	$133.2	0	D
Restricted Stock Unit	(1)	03/01/2026		M			3,722	(3)	03/01/2027	Common Stock	3,722	$133.2	3,726	D
Restricted Stock Unit	(1)	03/01/2026		M			4,069	(4)	03/01/2028	Common Stock	4,069	$133.2	8,141	D
Restricted Stock Unit	(1)	03/01/2026		A		8,368		(5)	03/01/2029	Common Stock	8,368	$0	8,368	D
Performance Stock Unit	(1)							03/01/2027	03/01/2027	Common Stock	16,755		16,755	D
Performance Stock Unit	(1)							03/01/2028	03/01/2028	Common Stock	18,314		18,314	D
Performance Stock Unit	(1)	03/01/2026		A		12,552(6)		03/01/2029	03/01/2029	Common Stock	12,552	$0	12,552	D
Performance Stock Unit	(1)	03/01/2026		D			23,575(7)	03/01/2026	03/01/2026	Common Stock	23,575	$0	0	D

Explanation of Responses:

1. Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.

2. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2023.

3. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024.

4. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2025.

5. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2026.

6. These Performance Stock Units ("PSUs") represent the contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital and Free Cash Flow performance goals are achieved by the end of 2028. Earned PSUs, if any, will vest on March 1, 2029.

7. Represents the forfeiture of PSUs granted to the reporting person on March 1, 2023 that were eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table II of Form 4. On March 1, 2026, the Company determined that, based on the Company's performance over the applicable performance period, all PSUs under this grant would be forfeited.

Remarks:

	/s/ Lillian D. Etzkorn on behalf of Ryan R. Smith	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity transactions did LCII executive Ryan Richard Smith report?

Ryan Richard Smith reported exercises of restricted stock units into common shares, a tax-withholding share disposition, new restricted and performance stock unit grants, and the forfeiture of an earlier performance stock unit grant based on the company’s assessed financial performance outcomes.

How many LCII restricted stock units did Smith exercise into common stock?

Smith exercised 3,931, 3,722, and 4,069 restricted stock units at $133.20 each, receiving an equal number of common shares. These conversions reflect previously granted equity awards moving from contingent units into directly held LCII common stock.

What new stock-based awards did LCII grant to Ryan Richard Smith?

Smith received 8,368 new restricted stock units and 12,552 performance stock units. The restricted units vest in three equal annual installments, while the performance units may convert into shares only if specified return on invested capital and free cash flow targets are achieved by the end of 2028.

Why were some of Ryan Richard Smith’s LCII performance stock units forfeited?

A total of 23,575 performance stock units from a March 1, 2023 grant were forfeited. The company determined that, based on its performance over the applicable measurement period, none of those units satisfied the financial objectives required for vesting, so they were canceled.

How are Ryan Richard Smith’s new LCII performance stock units structured?

The 12,552 performance stock units give a contingent right to LCII common shares if return on invested capital and free cash flow goals are met by the end of 2028. Any earned performance units would vest on March 1, 2029, after the performance period concludes.

How do the new LCII restricted stock units for Smith vest over time?

Smith’s restricted stock units vest ratably over three years from their respective grant dates. Each year, one-third of the units from a given grant converts into common stock, assuming he continues to satisfy the award’s service-based vesting conditions.