Form 4: LCI Industries Director Stephanie K. Mains Reports Stock Transactions

Director Stephanie K. Mains reports the vesting and conversion of restricted stock units and deferred stock units into common stock.

Summary

• On May 16, 2024, Stephanie K. Mains, a director of LCI Industries, reported transactions involving the company's stock.
• These transactions included the conversion of 1,357 restricted stock units into common stock at a price of $110.83.
• Mains also acquired 1,354 deferred stock units and holds 1,222 deferred stock units.
• Following these transactions, Mains directly owns 4,080 shares of common stock and holds 1,354 deferred stock units and 1,222 deferred stock units.
• The restricted stock units vested on May 16, 2024, the date of the 2024 annual meeting of stockholders.
• 1,354 restricted stock units will vest in full on the earlier of May 16, 2025 or the date of the next year's annual meeting of stockholders.
• The deferred stock units (DSUs) are earned from quarterly director fees and will vest upon the conclusion of the director's board service.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, so the sentiment is neutral. It simply reports transactions.

Positives

• The vesting of restricted stock units and acquisition of deferred stock units could be seen as a positive sign of director's continued commitment to the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates