Form 4: LCI Industries EVP, CFO Lillian Etzkorn Reports Stock Transactions
SEC Form 4
Lillian Etzkorn, EVP and CFO of LCI Industries, reports the acquisition and disposal of common stock and derivative securities, including restricted stock units and performance stock units, on March 1, 2025.
Summary
- On March 1, 2025, Lillian Etzkorn, the EVP and CFO of LCI Industries, reported transactions involving the company's stock.
- Etzkorn acquired 1,290 shares of common stock at a price of $103.82.
- She also disposed of 375 shares of common stock.
- Following these transactions, Etzkorn directly owns 1,652 shares of LCI Industries common stock.
- Additionally, Etzkorn acquired 4,654 restricted stock units and 7,051 performance stock units on March 1, 2025.
- She also converted 1,290 restricted stock units into common stock.
- The reported transactions also include dividend equivalent stock units received as a result of regular cash dividends paid on December 13, 2024, September 13, 2024, and June 13, 2024.
- The performance stock units represent a contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital and Free Cash Flow performance goals are achieved by the end of 2027.
- Earned PSUs, if any, will vest on March 1, 2028.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The performance stock units are contingent on LCI Industries achieving certain Return on Invested Capital and Free Cash Flow performance goals by the end of 2027, with vesting occurring on March 1, 2028, if the goals are met.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The vesting of stock units could incentivize the executive to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 2024-06-13 | Date of regular cash dividend payment to holders of registrant's common stock. |
| 2024-09-13 | Date of regular cash dividend payment to holders of registrant's common stock. |
| 2024-12-13 | Date of regular cash dividend payment to holders of registrant's common stock. |
| 2025-03-01 | Date of earliest transaction: acquisition and disposal of common stock, restricted stock units, and performance stock units. |
| 2026-03-01 | Date performance stock units vest. |
| 2026-04-17 | Grant date of restricted stock units that vest ratably each year on the first through third anniversaries of the grant date. |
| 2027-03-01 | Date performance stock units vest. |
| 2027-12-31 | End date for achieving Return on Invested Capital and Free Cash Flow performance goals for performance stock units. |
| 2028-03-01 | Date earned performance stock units will vest. |
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