Form 4: LCI Industries VP of Finance, Kip A. Emenhiser, Reports Changes in Beneficial Ownership
SEC Form 4
Kip A. Emenhiser, VP of Finance at LCI Industries, reports the acquisition and disposal of common stock and restricted stock units on March 1, 2024, affecting his beneficial ownership.
Summary
- On March 1, 2024, Kip A. Emenhiser, VP of Finance at LCI Industries, reported transactions involving LCI Industries' common stock and restricted stock units.
- Emenhiser acquired common stock through the vesting of restricted stock units at a price of $126.61 per share.
- He disposed of 379 shares of common stock.
- He also acquired 1,843 restricted stock units that vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024.
- The transactions changed his direct ownership of common stock to 4,403 shares.
- He also holds various restricted stock units that vest on different dates in the future.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for executives to receive and trade company stock as part of their compensation packages.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/24/2023 | Date of dividend payment related to stock units |
| 06/16/2023 | Date of dividend payment related to stock units |
| 09/15/2023 | Date of dividend payment related to stock units |
| 12/15/2023 | Date of dividend payment related to stock units |
| 03/01/2021 | Grant date for restricted stock units vesting ratably each year on the first through third anniversaries of the grant date |
| 03/01/2022 | Grant date for restricted stock units vesting ratably each year on the first through third anniversaries of the grant date |
| 03/01/2023 | Grant date for restricted stock units vesting ratably each year on the first through third anniversaries of the grant date |
| 03/01/2024 | Date of transaction and grant date for restricted stock units vesting ratably each year on the first through third anniversaries of the grant date |
| 03/05/2024 | Date of signature |
| 03/01/2025 | Expiration date for restricted stock units |
| 03/01/2026 | Expiration date for restricted stock units |
| 03/01/2027 | Expiration date for restricted stock units |
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