LYTS Form 5: Thomas Caneris acquired 9,609 shares via deferred‑comp plan
Rhea-AI Filing Summary
Thomas A. Caneris, Exec. VP, HR & General Counsel and a director of LSI Industries Inc. (LYTS), filed a Form 5 reporting periodic acquisitions of Common Stock held in the company’s Non‑Qualified Deferred Compensation Plan. From 07/12/2024 through 06/27/2025 he acquired a total of 9,609 shares in multiple transactions priced between $14.38 and $22.08, and the filing reports 155,555 shares beneficially owned at the issuer’s fiscal year end. Table II lists no derivative securities. The Form is signed by an attorney‑in‑fact on 08/12/2025. The filing also includes an unexplained table entry showing 86,302 D for Common Stock without date or context.
Positive
- Consistent acquisitions: The filing shows 9,609 shares acquired from 07/12/2024 to 06/27/2025 in documented transactions.
- Substantial reported ownership: The reporting person holds 155,555 shares beneficially (direct) at fiscal year end.
- No derivatives disclosed: Table II contains no entries, indicating no reported options, warrants, or convertible securities.
Negative
- Unclear disposition entry: The table includes a line showing 86,302 D for Common Stock with no date or explanation.
- Materiality context missing: The Form does not report the percentage of outstanding shares or aggregate market value, limiting assessment of material impact.
Insights
TL;DR: Routine insider plan purchases increased direct holdings to 155,555 shares; filing shows no derivatives and includes one unexplained disposition entry.
The Form 5 documents periodic acquisitions of common stock through LSI Industries' Non‑Qualified Deferred Compensation Plan, totaling 9,609 shares over the 07/12/2024–06/27/2025 period. The reporting person is identified as an officer and director. Table II reports no derivative securities. The presence of an isolated 86,302 D entry lacks accompanying date or explanation in the filing, which reduces clarity about whether that line reflects a prior disposition or a formatting artifact. Overall this appears to be a routine beneficial ownership update rather than a material governance event.
TL;DR: Insider purchases via deferred-comp plan totaled 9,609 shares at prices $14.38–$22.08; ending direct ownership reported at 155,555 shares.
The transactions are itemized with dates and per‑trade share counts and prices, indicating regular periodic acquisitions into the deferred compensation plan. No derivative holdings are listed in Table II. The filing is signed by an attorney‑in‑fact on 08/12/2025. Because the Form does not state the percentage ownership relative to outstanding shares or provide market value totals, the absolute impact on valuation cannot be determined from this filing alone.