Form 4: Former Lithia Motors Director, Susan O. Cain, Reports Final Beneficial Ownership
SEC Filing
Susan O. Cain, a former director of Lithia Motors Inc., filed a Form 4 to report her final beneficial ownership following her retirement from the board on April 23, 2024.
Summary
- Susan O. Cain, a former director of Lithia Motors Inc. (LAD), filed a Form 4 with the SEC.
- The filing reports changes in her beneficial ownership of Lithia Motors Inc. common stock.
- As of the latest transaction, Cain directly owns 13,399 shares of Lithia Motors Inc. common stock.
- She also indirectly owns 600 shares through The Cain Family Trust.
- The reporting person retired as a director of Lithia Motors, Inc. effective April 23, 2024.
- As a result, the reporting person is no longer subject to Section 16 in connection with her transactions in the equity securities of Lithia Motors, Inc. and therefore will no longer report any such transactions on Form 4 or Form 5.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Future Outlook
The reporting person will no longer report any such transactions on Form 4 or Form 5.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Susan O. Cain | 04/23/2024 | Retirement |
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of earliest transaction and retirement of Susan O. Cain as a director of Lithia Motors, Inc. |
| 10/25/2024 | Date of the report filing. |
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