Form 4: Lithia Motors Director Sidney B. DeBoer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sidney B. DeBoer, a director at Lithia Motors Inc., filed a Form 4 disclosing changes in beneficial ownership due to tax withholding on vesting restricted stock units.
Summary
- On August 1, 2024, Sidney B. DeBoer, a director of Lithia Motors Inc. (LAD), reported a transaction involving Lithia Motors Inc. common stock.
- 86 shares were withheld for payment of taxes on the vesting of restricted stock units at a price of $276.33 per share.
- Following the transaction, DeBoer directly owns 17,290 shares and indirectly owns 100,000 shares through The Sidney B. DeBoer Trust and DeBoer Family LLC.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock units, which is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction and filing of Form 4 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.