LCI Industries director exercises 13,637 share units
LCI Industries director James Gero exercised equity awards into common stock.
Rhea-AI Filing Summary
LCI Industries director James Gero exercised equity awards into common stock. On May 12, 2026, he converted 11,876 deferred stock units and 1,761 restricted stock units, receiving a total of 13,637 shares of common stock valued at $112.42 per share. Following these routine compensation-related exercises, he held 321,247 common shares directly. The footnotes explain that each stock unit represented a right to one share, the restricted stock units vested in full on May 12, 2026, and the deferred stock units were earned from quarterly director fees and vested when his board service concluded.
Positive
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Insider Trade Summary
13,637 shares exercised/converted
Exercise
4 txns
Insider
GERO JAMES
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,761 | $112.42 | $198K |
| Exercise | Deferred Stock Unit | 11,876 | $112.42 | $1.34M |
| Exercise | Common Stock | 1,761 | $112.42 | $198K |
| Exercise | Common Stock | 11,876 | $112.42 | $1.34M |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Deferred Stock Unit — 0 contracts (Direct);
Common Stock — 333,123 shares (Direct)
Footnotes (4)
- F1. Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
- F2. These restricted stock units vested in full on May 12, 2026, the date of the 2026 annual meeting of stockholders.
- F3. Includes 5 stock unit(s) received as a result of an administrative adjustment.
- F4. These shares represent deferred stock units "DSUs" earned from quarterly director fees. Per the election of the director, these DSUs vested on May 12, 2026 upon the conclusion of the director's board service with the Company.
Key Figures
Deferred stock units exercised: 11,876 shares
Restricted stock units exercised: 1,761 shares
Total shares from award exercises: 13,637 shares
+3 more
6 metrics
Deferred stock units exercised
11,876 shares
Converted to common stock on May 12, 2026
Restricted stock units exercised
1,761 shares
Converted to common stock on May 12, 2026
Total shares from award exercises
13,637 shares
Exercise or conversion of derivative securities
Reference share price
$112.42 per share
Value used for May 12, 2026 conversions
Shares held after transactions
321,247 shares
Direct common stock ownership after May 12, 2026
Exercise transactions count
2 exercises
Exercise or conversion of derivative securities
Key Terms
Deferred Stock Unit, Restricted Stock Unit, DSUs, administrative adjustment
4 terms
Deferred Stock Unit financial
"These shares represent deferred stock units "DSUs" earned from quarterly director fees."
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
Restricted Stock Unit financial
"These restricted stock units vested in full on May 12, 2026, the date of the 2026 annual meeting of stockholders."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
DSUs financial
"These shares represent deferred stock units "DSUs" earned from quarterly director fees."
DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.
administrative adjustment financial
"Includes 5 stock unit(s) received as a result of an administrative adjustment."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LCI Industries (LCII) director James Gero report?
Director James Gero reported exercising equity awards into common stock. He converted deferred stock units and restricted stock units, receiving 13,637 LCI Industries shares as part of his director compensation program on May 12, 2026, with no open-market purchases or sales disclosed.
What price was used for James Gero’s LCI Industries equity award exercises?
The transactions reference a value of $112.42 per LCI Industries share. This price applies to the 11,876 and 1,761 share conversions, reflecting how the exercised deferred and restricted stock units were valued when they became common stock on May 12, 2026.
Were James Gero’s LCI Industries transactions open-market buys or sales?
The Form 4 shows no open-market buys or sales by James Gero. All reported activity involves code M transactions, meaning exercises or conversions of derivative securities, specifically deferred stock units and restricted stock units that vested and settled in common stock.
What do the deferred stock units (DSUs) and restricted stock units represent at LCI Industries?
Each deferred stock unit and restricted stock unit represents a right to receive one LCI Industries share. The DSUs were earned from quarterly director fees, while the restricted stock units vested in full on May 12, 2026, providing equity-based compensation in the form of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
