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Board member James Gero adds deferred and restricted stock units in LCI Industries (LCII)

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

Rhea-AI Filing Summary

GERO JAMES reported acquisition or exercise transactions in this Form 4 filing.

LCI Industries director James Gero received a grant of deferred stock units as part of his board compensation. On March 31, 2026, he was awarded 234 deferred stock units, each representing a contingent right to one share of common stock, valued at $122.98 per unit. These units are earned from quarterly director fees and will settle in common shares when his board service ends, according to his prior election. After this grant, he directly holds 11,871 deferred stock units, 1,761 restricted stock units, and 319,486 shares of common stock, with the restricted stock units scheduled to vest in full on the earlier of May 15, 2026 or the next annual stockholder meeting.

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Insider GERO JAMES
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Unit 234 $122.98 $29K
holding Restricted Stock Unit -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Deferred Stock Unit — 11,871 shares (Direct); Restricted Stock Unit — 1,761 shares (Direct); Common Stock — 319,486 shares (Direct)
Footnotes (1)
  1. Each Stock Unit represents a contingent right to receive one share of LCII Common Stock. These shares represent deferred stock units "DSUs" earned from quarterly director fees, the settlement of these DSUs will vest upon the conclusion of the director's board service with the Company per the election of the director. Includes 109 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 27, 2026 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). These restricted stock units will vest in full on the earlier of May 15, 2026 or the date of the next year's annual meeting of stockholders. Includes 16 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 27, 2026 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).
Deferred stock unit grant 234 units Grant on March 31, 2026 as director fee award
Grant reference price $122.98 per unit Value per deferred stock unit on March 31, 2026
Deferred stock units held 11,871 units Total deferred stock units after March 31, 2026 grant
Restricted stock units held 1,761 units Restricted stock units outstanding, vesting by May 15, 2026 or next meeting
Common stock held 319,486 shares Directly owned common shares after reported transactions
Dividend equivalent units (example) 109 units Additional stock units credited from cash dividends under 2018 plan
Deferred Stock Unit financial
"Each Stock Unit represents a contingent right to receive one share of LCII Common Stock."
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 will vest in full on the earlier of May 15, 2026..."
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.
dividend equivalent stock unit financial
"holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s)..."
2018 Omnibus Incentive Plan financial
"In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan..."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
GERO JAMES
(Last)(First)(Middle)
C/O LCI INDUSTRIES
3501 COUNTY ROAD 6 EAST
(Street)
ELKHART INDIANA 46514-7663
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LCI INDUSTRIES [ LCII ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock319,486D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Unit(1)03/31/2026A234 (2) (2)Common Stock234$122.9811,871(3)D
Restricted Stock Unit(1) (4) (4)Common Stock1,7611,761(5)D
Explanation of Responses:
1. Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
2. These shares represent deferred stock units "DSUs" earned from quarterly director fees, the settlement of these DSUs will vest upon the conclusion of the director's board service with the Company per the election of the director.
3. Includes 109 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 27, 2026 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. These restricted stock units will vest in full on the earlier of May 15, 2026 or the date of the next year's annual meeting of stockholders.
5. Includes 16 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 27, 2026 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 D. Etzkorn on behalf of James F. Gero04/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did LCI Industries (LCII) director James Gero report in this Form 4?

LCI Industries director James Gero reported receiving 234 deferred stock units as part of his quarterly director fees. Each unit represents a contingent right to one share of common stock, adding to his existing equity-based compensation in the company.

How many deferred stock units does James Gero hold in LCI Industries (LCII)?

After the March 31, 2026 grant, James Gero holds 11,871 deferred stock units in LCI Industries. These units accumulate over time from director fees and dividend equivalents and will settle in common shares when his board service concludes.

When will James Gero’s LCI Industries (LCII) restricted stock units vest?

James Gero’s restricted stock units will vest in full on the earlier of May 15, 2026 or the date of the next annual stockholder meeting. Upon vesting, the units convert into common shares according to the terms of LCI Industries’ 2018 Omnibus Incentive Plan.

How many LCI Industries (LCII) common shares does James Gero own directly?

Following the reported transactions, James Gero directly owns 319,486 shares of LCI Industries common stock. This direct ownership position is separate from his deferred stock units and restricted stock units, which represent additional contingent rights to receive shares.

What is the value per deferred stock unit granted to James Gero at LCI Industries (LCII)?

The 234 deferred stock units granted to James Gero on March 31, 2026 were reported at $122.98 per unit. This figure reflects the reference value used for the equity award tied to his quarterly director fee compensation.

How do dividend equivalent stock units affect James Gero’s LCI Industries (LCII) holdings?

Dividend equivalent stock units increase James Gero’s unit balances when LCI Industries pays regular cash dividends. The filing notes additional units, such as 109 and 16 units, credited under the 2018 Omnibus Incentive Plan, subject to the same terms as the underlying stock units.