LCI Industries (LCII) CEO receives new RSU and PSU grants, forfeits prior PSUs

Rhea-AI Filing Summary

LCI Industries director and CEO Jason Lippert reported several equity compensation transactions in company stock units dated March 1, 2026. He exercised previously granted restricted stock units into common stock at a reference price of $133.20 per share and received new grants of restricted stock units and performance stock units.

The new performance stock units cover 25,821 units that may convert into common shares only if specific Return on Invested Capital and Free Cash Flow goals are met by the end of 2028, with any earned units vesting on March 1, 2029. The filing also shows a disposition of 48,117 performance stock units back to the company after they were fully forfeited based on financial performance, and a tax-withholding share disposition of 10,387 common shares used to cover obligations from the unit conversions.

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

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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^*

LIPPERT JASON

(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)

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

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		7,548	A	$133.2	342,521	D
Common Stock	03/01/2026		M		7,658	A	$133.2	350,179	D
Common Stock	03/01/2026		M		8,371	A	$133.2	358,550	D
Common Stock	03/01/2026		F		10,387	D	$0	348,163	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			7,548	(2)	03/01/2026	Common Stock	7,548	$133.2	0	D
Restricted Stock Unit	(1)	03/01/2026		M			7,658	(3)	03/01/2027	Common Stock	7,658	$133.2	7,662	D
Restricted Stock Unit	(1)	03/01/2026		M			8,371	(4)	03/01/2028	Common Stock	8,371	$133.2	16,747	D
Restricted Stock Unit	(1)	03/01/2026		A		17,214		(5)	03/01/2029	Common Stock	17,214	$0	17,214	D
Performance Stock Unit	(1)							03/01/2027	03/01/2027	Common Stock	34,468		34,468	D
Performance Stock Unit	(1)							03/01/2028	03/01/2028	Common Stock	37,676		37,676	D
Performance Stock Unit	(1)	03/01/2026		A		25,821(6)		03/01/2029	03/01/2029	Common Stock	25,821	$0	25,821	D
Performance Stock Unit	(1)	03/01/2026		D			48,117(7)	03/01/2026	03/01/2026	Common Stock	48,117	$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 Jason D. Lippert	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did LCI Industries (LCII) report for Jason Lippert?

LCI Industries reported that CEO Jason Lippert exercised restricted stock units into common shares, received new restricted and performance stock unit awards, and had certain performance stock units forfeited and common shares withheld to cover tax obligations related to these equity awards.

How many new performance stock units did Jason Lippert receive at LCI Industries (LCII)?

Jason Lippert received a grant of 25,821 performance stock units. These units represent a contingent right to common shares and will only be earned if Return on Invested Capital and Free Cash Flow goals are achieved by the end of 2028, then vesting on March 1, 2029.

What performance goals affect Jason Lippert’s performance stock units at LCI Industries (LCII)?

The performance stock units are tied to Return on Invested Capital and Free Cash Flow performance goals through the end of 2028. Shares will be delivered only if these financial objectives are achieved, with any earned units vesting on March 1, 2029 according to the compensation plan.

Why were some of Jason Lippert’s performance stock units forfeited at LCI Industries (LCII)?

LCI Industries determined that all performance stock units granted on March 1, 2023 and tied to certain financial performance objectives would be forfeited. On March 1, 2026, 48,117 of these units were cancelled after the company concluded performance over the applicable period did not meet the required thresholds.

What does the tax-withholding transaction in LCI Industries (LCII) Form 4 represent?

The tax-withholding transaction shows 10,387 common shares disposed of to pay exercise price or tax liabilities. Instead of paying cash, shares from the equity awards were delivered back to the company to satisfy these obligations, a common feature of stock-based compensation programs.

How do Jason Lippert’s restricted stock units at LCI Industries (LCII) vest?

The restricted stock units vest in three equal, annual installments. Each grant vests ratably on the first through third anniversaries of its respective grant date, such as March 1 of 2023, 2024, 2025, or 2026, as specified for each individual award in the disclosures.