Form 4: Lithia Motors Director Reports Gift of Shares and Beneficial Ownership
SEC Form 4 Filing
Kenneth E. Roberts, a director of Lithia Motors Inc., reported a gift of shares and updated beneficial ownership as of March 15, 2024.
Summary
- On March 15, 2024, Kenneth E. Roberts, a director of Lithia Motors Inc. (LAD), reported a transaction involving Lithia Motors Inc. Common Stock.
- The transaction involved a gift of 702 shares.
- Following the transaction, Roberts directly owns 33,100 shares and indirectly owns 51,794 shares through the Kenneth Roberts Trust and 10,000 shares through the Carol Roberts Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the transaction (gift of shares) |
| 03/18/2024 | Date of signature on the Form 4 filing |
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