Form 4: Lithia Motors CEO Bryan Deboer Reports Stock Transactions
SEC Form 4 Filing
Lithia Motors CEO Bryan Deboer reports acquisition of restricted stock units and shares withheld for tax obligations.
Summary
- Bryan Deboer, CEO of Lithia Motors Inc., reported transactions involving Lithia Motors Inc. common stock.
- On January 2, 2025, Deboer acquired 7,253 shares of common stock through restricted stock units at $0.
- These restricted stock units vest on January 1st of each of the following years: 2026, 2027, and 2028, contingent upon continued employment.
- On January 3, 2025, 12,855 shares were withheld for payment of taxes on the vesting of restricted stock units at $357.43.
- Following these transactions, Deboer directly owns 168,843 shares and indirectly owns 3,625 shares held by his son.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects standard executive compensation practices and tax obligations.
Positives
- The acquisition of restricted stock units indicates confidence in the company's future performance.
Future Outlook
The restricted stock units vest over a three-year period (2026-2028), incentivizing continued employment and alignment with company performance.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their trading activities, which can be informative for investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Acquisition of 7,253 restricted stock units. |
| 01/03/2025 | Withholding of 12,855 shares for tax obligations. |
| 2026 | First vesting date for restricted stock units. |
| 2027 | Second vesting date for restricted stock units. |
| 2028 | Third vesting date for restricted stock units. |
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