Form 4: Lithia Motors Director Shauna McIntyre Reports Stock Sale
SEC Form 4 Filing
Director Shauna McIntyre of Lithia Motors Inc. reported selling 138 shares of common stock on May 1, 2024.
Summary
- On May 1, 2024, Shauna McIntyre, a director of Lithia Motors Inc. (LAD), sold 138 shares of the company's common stock.
- The sale price was $254.422 per share.
- Following the transaction, McIntyre directly owns 2,228 shares of Lithia Motors Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about a company's prospects. It is important to note that insider sales do not necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The sale of shares by a director may be perceived by shareholders as a lack of confidence in the company, although it could also be due to personal financial reasons.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock sale transaction |
| 05/01/2024 | Date of report signature |
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