Equity awards shift for LCI Industries (NYSE: LCII) exec Jamie Schnur
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LCI Industries executive Jamie Schnur, Group President – Aftermarket, reported multiple equity compensation transactions in company stock and units on March 1, 2026. He acquired common shares through exercises of restricted stock units at $133.20 per share, with some shares disposed of to cover tax withholding.
Schnur received new awards of 5,717 restricted stock units and 8,575 performance stock units, each representing a right to receive one share of common stock. The restricted stock units generally vest in three equal annual installments beginning on their respective March 1 grant anniversaries, while the new performance stock units can be earned based on Return on Invested Capital and Free Cash Flow goals measured through 2028 and, if achieved, vest on March 1, 2029.
The filing also notes the forfeiture of 16,458 performance stock units originally granted on March 1, 2023, after the company determined that the applicable financial performance objectives for that award were not met over the relevant performance period.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,710 shares exercised/converted
Mixed
12 txns
Insider
Schnur Jamie
Role
Group President - Aftermarket
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,386 | $133.20 | $318K |
| Exercise | Restricted Stock Unit | 2,544 | $133.20 | $339K |
| Exercise | Restricted Stock Unit | 2,780 | $133.20 | $370K |
| Grant/Award | Restricted Stock Unit | 5,717 | $0.00 | -- |
| Grant/Award | Performance Stock Unit | 8,575 | $0.00 | -- |
| Disposition | Performance Stock Unit | 16,458 | $0.00 | -- |
| Exercise | Common Stock | 2,386 | $133.20 | $318K |
| Exercise | Common Stock | 2,544 | $133.20 | $339K |
| Exercise | Common Stock | 2,780 | $133.20 | $370K |
| Tax Withholding | Common Stock | 3,364 | $0.00 | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Performance Stock Unit — 8,575 shares (Direct);
Common Stock — 21,806 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 LCII executive Jamie Schnur report?
Jamie Schnur reported equity compensation activity involving common stock, restricted stock units, and performance stock units. He exercised restricted stock units into shares, had some shares withheld for taxes, received new stock unit grants, and saw an earlier performance-based award fully forfeited after failing to meet financial goals.
How many new restricted stock units did LCII grant to Jamie Schnur?
Jamie Schnur received a grant of 5,717 restricted stock units. These units vest in three equal annual installments beginning on the first through third anniversaries of the March 1, 2026 grant date, aligning his compensation with longer-term performance and continued service at LCI Industries.
What performance stock units did Jamie Schnur receive from LCI Industries (LCII)?
LCI Industries granted Jamie Schnur 8,575 performance stock units. Each unit can convert into one share of common stock if specified Return on Invested Capital and Free Cash Flow targets are achieved by the end of 2028, with any earned units vesting on March 1, 2029.
Why were some of Jamie Schnur’s earlier LCII performance stock units forfeited?
16,458 performance stock units granted to Jamie Schnur on March 1, 2023 were forfeited. The company determined that, over the applicable performance period, its financial performance did not meet the objectives required for vesting, so all units from that grant were canceled.
How do Jamie Schnur’s LCII restricted stock units vest over time?
Schnur’s restricted stock units generally vest ratably over three years. Units from grants on March 1, 2023, March 1, 2024, March 1, 2025, and March 1, 2026 each vest one-third per year on the first through third anniversaries of the respective grant dates.