LCI Industries (LCII) CEO receives new RSU and PSU grants, forfeits prior PSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,577 shares exercised/converted
Mixed
12 txns
Insider
LIPPERT JASON
Role
President , CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,548 | $133.20 | $1.01M |
| Exercise | Restricted Stock Unit | 7,658 | $133.20 | $1.02M |
| Exercise | Restricted Stock Unit | 8,371 | $133.20 | $1.12M |
| Grant/Award | Restricted Stock Unit | 17,214 | $0.00 | -- |
| Grant/Award | Performance Stock Unit | 25,821 | $0.00 | -- |
| Disposition | Performance Stock Unit | 48,117 | $0.00 | -- |
| Exercise | Common Stock | 7,548 | $133.20 | $1.01M |
| Exercise | Common Stock | 7,658 | $133.20 | $1.02M |
| Exercise | Common Stock | 8,371 | $133.20 | $1.12M |
| Tax Withholding | Common Stock | 10,387 | $0.00 | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Performance Stock Unit — 25,821 shares (Direct);
Common Stock — 342,521 shares (Direct)
Footnotes (1)
- Each Stock Unit represents a contingent right to receive one share of LCII Common Stock. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2023. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2025. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2026. 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. 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.
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.