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LSI Industries (LYTS) director granted deferred stock awards in 2026

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

Rhea-AI Filing Summary

LSI Industries director Ernest W. Marshall Jr. reported three acquisitions of common shares as part of compensation, not open-market purchases. On January 2, 2026, he received 1,218 common shares at $18.47 per share, followed by 1,200 shares at $18.75 on April 1, 2026, and 853 shares at $26.39 on July 1, 2026. Footnotes state these awards were acquired or deferred under the company’s Non-Employee Director Deferred Compensation Program, including restricted stock units he elected to defer and an adjustment for dividend reinvestment of 8 shares. After the most recent grant, he directly holds 22,631 common shares of LSI Industries.

Positive

  • None.

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Insider MARSHALL ERNEST W JR
Role null
Type Security Shares Price Value
Grant/Award Common Shares 853 $26.39 $23K
Grant/Award Common Shares 1,200 $18.75 $23K
Grant/Award Common Shares 1,218 $18.47 $22K
Holdings After Transaction: Common Shares — 22,631 shares (Direct, null)
Footnotes (1)
  1. Common shares acquired under Non-Employee Director Deferred Compensation Program ("NEDDCP") Restricted stock units reporting person elected to defer under NEDDCP. Column 5 adjusted for dividend reinvestment of 8 shares.
January 2, 2026 grant 1,218 common shares at $18.47 Award coded A, non-derivative acquisition
April 1, 2026 grant 1,200 common shares at $18.75 Award coded A, non-derivative acquisition
July 1, 2026 grant 853 common shares at $26.39 Award coded A, non-derivative acquisition
Holdings after latest grant 22,631 common shares Total shares following July 1, 2026 transaction
Award transaction code Code A Grant, award, or other acquisition for each entry
Dividend reinvestment adjustment 8 shares Column 5 adjusted for dividend reinvestment
Non-Employee Director Deferred Compensation Program financial
"Common shares acquired under Non-Employee Director Deferred Compensation Program ("NEDDCP")"
Restricted stock units financial
"Restricted stock units reporting person elected to defer under NEDDCP."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment financial
"Column 5 adjusted for dividend reinvestment of 8 shares."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
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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*
MARSHALL ERNEST W JR
(Last)(First)(Middle)
C/O LSI INDUSTRIES INC.
10000 ALLIANCE RD
(Street)
CINCINNATI OHIO 45242
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LSI INDUSTRIES INC [ LYTS ] 		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)
07/01/2026		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 Shares(1)01/02/2026A1,218A$18.4720,570D
Common Shares(1)04/01/2026A1,200A$18.7521,770D
Common Shares(2)07/01/2026A853A$26.3922,631D
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
Explanation of Responses:
1. Common shares acquired under Non-Employee Director Deferred Compensation Program ("NEDDCP")
2. Restricted stock units reporting person elected to defer under NEDDCP. Column 5 adjusted for dividend reinvestment of 8 shares.
/s/ F. M. Reuter as Attorney-in-Fact for Ernest W. Marshall, Jr.07/06/2026
** 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 insider activity did LSI Industries (LYTS) disclose for Ernest W. Marshall Jr.?

LSI Industries reported that director Ernest W. Marshall Jr. acquired common shares through three stock awards in 2026. These were compensation-related grants and deferrals, not open-market purchases, and increased his direct ownership to 22,631 common shares after the latest grant.

How many LSI Industries (LYTS) shares were granted to the director and at what prices?

The director received 1,218 common shares at $18.47, 1,200 shares at $18.75, and 853 shares at $26.39. All transactions are coded as awards, reflecting compensation-related acquisitions rather than discretionary market buying of LSI Industries stock.

Were the LSI Industries (LYTS) transactions open-market insider buys?

No, the Form 4 shows code A transactions, described as grants or awards. The shares were acquired under a non-employee director deferred compensation structure, meaning they represent equity compensation rather than open-market purchases of LSI Industries common stock by the director.

What is the Non-Employee Director Deferred Compensation Program at LSI Industries (LYTS)?

The Non-Employee Director Deferred Compensation Program allows directors to receive or defer equity awards. Footnotes state common shares were acquired under this program and restricted stock units were deferred into it, aligning part of director compensation with LSI Industries share performance over time.

How many LSI Industries (LYTS) shares does Ernest W. Marshall Jr. hold after these grants?

Following the July 1, 2026 award, the director directly holds 22,631 common shares. This figure in the Form 4 reflects cumulative ownership after the compensation-related grants and includes an adjustment for dividend reinvestment of eight additional shares.

What do the dividend reinvestment and RSU deferral notes mean for LSI Industries (LYTS) insiders?

A footnote explains that column 5 was adjusted for dividend reinvestment of eight shares and that certain restricted stock units were deferred under the compensation program. This indicates some director equity is accumulated automatically through reinvested dividends and deferral elections, not active trading.