Form 4: LCI Industries Director Kieran O'Sullivan Reports Stock Unit Vesting and Acquisition
SEC Form 4 Filing
Director Kieran O'Sullivan reports the vesting of restricted stock units and acquisition of common stock in LCI Industries.
Summary
- On May 16, 2024, Kieran M. O'Sullivan, a director of LCI Industries, reported the vesting of 1,357 restricted stock units, which converted into common stock.
- O'Sullivan also acquired 1,354 restricted stock units that will vest on May 16, 2025, or the date of the next annual meeting.
- The transaction was reported on Form 4, filed with the SEC on May 17, 2024.
- O'Sullivan directly owns 21,548 shares of LCI Industries common stock following the reported transactions.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.
Future Outlook
The director will receive additional shares if they are still employed at the company on May 16, 2025, or the date of the next annual meeting.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity and changes in ownership.
Key Dates
| Date | Description |
|---|---|
| 2023-05-16 | Date of Power of Attorney execution |
| 2024-03-22 | Payment date of regular cash dividends |
| 2023-12-15 | Payment date of regular cash dividends |
| 2023-09-15 | Payment date of regular cash dividends |
| 2023-06-16 | Payment date of regular cash dividends |
| 2024-05-16 | Date of transaction: vesting of restricted stock units and acquisition of new units |
| 2024-05-16 | Date of the 2024 annual meeting of stockholders |
| 2024-05-17 | Date of Form 4 filing |
| 2025-05-16 | Date of next vesting of restricted stock units (or date of next annual meeting) |
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