4/A: LCI Industries Executive Amends Filing to Correct Stock Unit Grant Numbers

Andrew J. Namenye, an executive at LCI Industries, filed an amendment to a previous Form 4 to correct the number of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) granted.

Summary

• Andrew J. Namenye, EVP, CLO, CHRO, & Corp Sec of LCI Industries, filed an amended Form 4 with the SEC.
• The amendment corrects the number of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) granted to Namenye on March 1, 2025.
• The correct number of RSUs is 4,230, instead of the previously reported 4,842.
• The correct number of PSUs is 6,345, instead of the previously reported 7,262.
• The RSUs vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2025.
• The PSUs represent the contingent right to receive shares of LCII Common Stock if certain Return on Invested Capital and Free Cash Flow performance goals are achieved by the end of 2027, vesting on March 1, 2028.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects attention to detail and transparency.

Future Outlook

The PSUs are contingent on LCI Industries achieving certain Return on Invested Capital and Free Cash Flow performance goals by the end of 2027.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to key executives.

Stakeholder Impact

• The correction of the stock unit grants ensures accurate reporting to shareholders.
• The vesting of PSUs is tied to company performance, aligning executive incentives with shareholder value.

Key Dates

Keywords

LCI Industries, LCII, Form 4, SEC Filing, Restricted Stock Units, Performance Stock Units, Executive Compensation, Andrew J. Namenye