LYTS Form 4: Director Wilfred O'Gara transfers 55,620 shares to joint account
Rhea-AI Filing Summary
LSI Industries Inc. (LYTS): This Form 4 reports insider Wilfred T. O'Gara's transfer of common shares on 09/15/2025. The filing shows matching dispositions and acquisitions of 55,620 shares each recorded with transaction code "J", and a separate disposition of 55,620 shares reducing direct holdings to 60,487 shares and an indirect holding of 55,620 shares reported as held with spouse. The explanatory note states the change was a transfer of shares to a joint account with the reporting person's spouse. The form is signed by an attorney-in-fact on 09/16/2025.
Positive
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Insights
TL;DR: Transfer of shares to a joint account with spouse recorded; no net increase in beneficial ownership shown.
The filing documents equal reported dispositions and acquisitions of 55,620 common shares on 09/15/2025 using transaction code "J" and indicates a transfer to a joint account with the reporting person's spouse. Reported direct ownership after the transactions is 60,487 shares and an indirect holding of 55,620 shares attributed to the spouse relationship. There are no derivative transactions disclosed. From a trading-impact perspective, the filing describes an ownership reorganization rather than an open-market sale or purchase that would change outstanding free float materially.
TL;DR: Insider relocated shares into joint ownership; disclosure follows Section 16 reporting requirements.
The statement clarifies that the reporting person, a director, transferred shares into a joint account with a spouse, as noted in the explanatory section. The form is signed by an attorney-in-fact, consistent with authorized filing practice. This is a routine internal ownership reclassification and the disclosure meets the requirement to report changes in beneficial ownership; the filing does not indicate a change in board role, compensation, or control of the issuer.