LSI Industries (LYTS) Form 4 Details: Executive Vesting Activity and Options
Rhea-AI Filing Summary
James E. Galeese, Executive Vice President and Chief Financial Officer of LSI Industries Inc. (LYTS), reported changes in his beneficial ownership on 08/20/2025. The filing shows vested and held equity in several forms: 74,333 common shares held in LSI's Non-Qualified Deferred Compensation Plan, 11,192 restricted stock units granted under the 2019 Omnibus Award Plan and FY26 Long Term Incentive Plan (RSUs vesting in equal annual installments over three years), and 45,653 shares acquired upon vesting of performance share units granted in August 2022. After the reported transactions, the filing lists 145,980 and 191,633 common shares in positions shown on the Form. Galeese also holds multiple outstanding stock options with exercise prices of $9.15, $5.92, $4.94, $3.83 and $6.80, covering a total of the underlying common shares indicated on the form, with various vesting schedules and expiration dates through 2030.
Positive
- Increased insider ownership through vesting of RSUs and performance share units, aligning executive and shareholder interests
- Transparent disclosure of option grants, exercise prices, vesting schedules, and deferred compensation holdings
Negative
- None.
Insights
Insider holdings increased through vesting; no open-market purchases or sales were reported.
The filing documents equity compensation events rather than open-market trades: RSU awards and vesting of performance share units increased the reporting persons beneficial ownership. These are standard compensation-driven ownership changes that align managements interests with shareholders. The Form also lists multiple outstanding options across several grant vintages with staggered vesting and expirations through 2030, which may dilute shares over time if exercised. The filing does not report cash purchases or sales, nor any derivative dispositions that would signal immediate liquidity events.
Changes reflect routine executive compensation vesting and disclosure compliance.
The report identifies equity granted under omnibus and long-term incentive plans and vesting of performance share units from a 2022 grant. Such disclosures are consistent with standard corporate governance and compensation practices. The presence of shares in a deferred compensation plan and multiple option grants with multi-year vesting schedules suggests retention-focused incentives. The filing is procedural and provides transparency on the executives current equity stake and incentive structure; it contains no indications of related-party transactions or policy exceptions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 11,192 | $0.00 | -- |
| Grant/Award | Common Shares | 45,653 | $0.00 | -- |
| holding | Option to Buy | -- | -- | -- |
| holding | Option to Buy | -- | -- | -- |
| holding | Option to Buy | -- | -- | -- |
| holding | Option to Buy | -- | -- | -- |
| holding | Option to Buy | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan. Award of restricted stock units (RSUs) pursuant to 2019 Omnibus Award Plan and FY26 Long Term Incentive Plan. The RSUs vest in equal annual installments over three years. Acquired shares pursuant to vesting of performance share units granted in August 2022. These holdings have previously been reported on Form 4. The options vest at a rate of 25% per year beginning on the first anniversary of the grant date. The options vest ratably over a three year time period.
