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LCI Industries CFO reports new RSU and PSU grants

LCI Industries EVP and CFO Lillian Etzkorn reported multiple equity award changes.

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LCI Industries EVP and CFO Lillian Etzkorn reported multiple equity award changes. She exercised 1,351 and 1,624 restricted stock units into common shares at $133.20 per share and 903 common shares were disposed of to cover tax obligations.

She received 3,342 new restricted stock units that vest in three equal annual installments starting from the March 1, 2026 grant date, plus 5,063 performance stock units that may vest in 2029 based on Return on Invested Capital and Free Cash Flow goals through 2028. A prior 4,265-unit performance stock grant from April 17, 2023 was fully forfeited after the company assessed performance.

Positive

  • None.

Negative

  • None.
Insider Etzkorn Lillian
Role EVP, CFO
Type Security Shares Price Value
Exercise Restricted Stock Unit 1,351 $133.20 $180K
Exercise Restricted Stock Unit 1,624 $133.20 $216K
Grant/Award Restricted Stock Unit 3,342 $0.00 $0.00
Grant/Award Performance Stock Unit 5,063 $0.00 $0.00
Disposition Performance Stock Unit 4,265 $0.00 $0.00
Exercise Common Stock 1,351 $133.20 $180K
Exercise Common Stock 1,624 $133.20 $216K
Exercise Price or Tax Liability Common Stock 903 $0.00 $0.00
holding Restricted Stock Unit -- -- --
holding Performance Stock Unit -- -- --
holding Performance Stock Unit -- -- --
Holdings After Transaction: Restricted Stock Unit — 9,069 contracts for 1,121 underlying shares (Direct); Performance Stock Unit — 18,534 contracts for 13,471 underlying shares (Direct); Common Stock — 4,490 shares (Direct)
Footnotes (14)
  1. F1. Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
  2. F2. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was April 17, 2023.
  3. F3. Includes 37 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
  4. F4. Includes 45 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
  5. F5. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024.
  6. F6. Includes 54 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
  7. F7. These restricted stock units vest ratably each year on the first through third anniversaries fo the grant date, which was March 1, 2025
  8. F8. Includes 108 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
  9. F9. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2026.
  10. F10. Includes 202 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
  11. F11. Includes 245 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
  12. F12. 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.
  13. F13. Represents the forfeiture of PSUs granted to the reporting person on April 17, 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.
  14. F14. Includes 142 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did LCI Industries (LCII) CFO Lillian Etzkorn report?
Lillian Etzkorn reported exercises of restricted stock units into common stock, new grants of restricted and performance stock units, and a tax-related share disposition. The filing also records forfeiture of an earlier performance stock unit award after the company evaluated its financial performance objectives.

How many LCI Industries (LCII) restricted stock units did the CFO exercise and at what price?
The CFO exercised 1,351 and 1,624 restricted stock units into common stock at $133.20 per share. These transactions converted derivative awards into directly held shares, increasing her common stock ownership while reflecting the vesting and settlement of prior long-term incentive grants.

What new stock unit awards did the LCI Industries (LCII) CFO receive on March 1, 2026?
On March 1, 2026, the CFO received 3,342 restricted stock units and 5,063 performance stock units. The restricted units vest ratably over three years, while the performance units may vest in 2029 if specific Return on Invested Capital and Free Cash Flow goals are achieved through 2028.

How do LCI Industries (LCII) performance stock units for the CFO vest?
The performance stock units represent a contingent right to receive common shares if Return on Invested Capital and Free Cash Flow targets are met by the end of 2028. Any earned units from this grant will vest on March 1, 2029, linking the award directly to multi-year company performance.

What happened to the LCI Industries (LCII) performance stock units granted in April 2023 to the CFO?
All 4,265 performance stock units granted on April 17, 2023 were forfeited. The company determined on March 1, 2026 that its performance over the applicable period did not satisfy the financial objectives required for vesting, so none of those units became earned or payable.

How are dividend equivalents reflected in the CFO’s LCI Industries (LCII) stock units?
Several stock unit holdings include additional units credited as dividend equivalents from cash dividends paid on June 13, 2025, September 12, 2025, and December 12, 2025. These added units carry the same terms and conditions as the underlying grants to which they relate.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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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*
Etzkorn Lillian
(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)
EVP, CFO
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 1,351 A $133.2 3,769 D
Common Stock 03/01/2026 M 1,624 A $133.2 5,393 D
Common Stock 03/01/2026 F 903 D $0 4,490 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) (2) 04/17/2026 Common Stock 1,121 1,121(3) D
Restricted Stock Unit (1) 03/01/2026 M 1,351(4) (5) 03/01/2027 Common Stock 1,351 $133.2 1,353(4) D
Restricted Stock Unit (1) 03/01/2026 M 1,624(6) (7) 03/01/2028 Common Stock 1,624 $133.2 3,253(8) D
Restricted Stock Unit (1) 03/01/2026 A 3,342 (9) 03/01/2029 Common Stock 3,342 $0 3,342 D
Performance Stock Unit (1) 03/01/2027 03/01/2027 Common Stock 6,083 6,083(10) D
Performance Stock Unit (1) 03/01/2028 03/01/2028 Common Stock 7,388 7,388(11) D
Performance Stock Unit (1) 03/01/2026 A 5,063(12) 03/01/2029 03/01/2029 Common Stock 5,063 $0 5,063 D
Performance Stock Unit (1) 03/01/2026 D 4,265(13)(14) 03/01/2026 03/01/2026 Common Stock 4,265 $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 April 17, 2023.
3. Includes 37 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
4. Includes 45 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
5. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024.
6. Includes 54 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
7. These restricted stock units vest ratably each year on the first through third anniversaries fo the grant date, which was March 1, 2025
8. Includes 108 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
9. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2026.
10. Includes 202 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
11. Includes 245 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
12. 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.
13. Represents the forfeiture of PSUs granted to the reporting person on April 17, 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.
14. Includes 142 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, and December 12, 2025 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
Remarks:
/s/ Lillian Etzkorn 03/03/2026
** 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.

Source: View Original Filing on SEC EDGAR

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