Form 4: Lithia Motors Director Sells 300 Shares
SEC Form 4
Louis Miramontes, a director at Lithia Motors Inc., sold 300 shares of the company's common stock on August 15, 2024.
Summary
- On August 15, 2024, Louis Miramontes, a director of Lithia Motors Inc. (LAD), sold 300 shares of the company's common stock.
- The sale price was $284.23 per share.
- Following the transaction, Miramontes directly owns 5,457 shares of Lithia Motors Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a transaction. The sentiment is neither positive nor negative as it simply reports a sale of shares by a director.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although the sale of 300 shares is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Louis Miramontes sold 300 shares of Lithia Motors Inc. common stock. |
| 08/16/2024 | Date of signature: Kevin Cundick, Attorney-in-Fact, signed the Form 4 on behalf of Louis Miramontes. |
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