Form 4: Lithia Motors Director Sidney B. DeBoer Reports Changes in Beneficial Ownership

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 May 1, 2024, Sidney B. DeBoer, a director of Lithia Motors Inc. (LAD), reported a transaction involving Lithia Motors Inc. common stock.
• The transaction involved the withholding of 86 shares for payment of taxes on vesting of restricted stock units at a price of $254.38 per share.
• Following the transaction, DeBoer directly owns 17,376 shares and indirectly owns 100,000 shares through The Sidney B. DeBoer Trust and DeBoer Family LLC.
• The reporting person is the settlor of the Sidney B. DeBoer Trust, which is revocable by the reporting person at any time at the reporting person's option.
• DeBoer Family LLC is the direct owner of the securities and the Sidney B. DeBoer Trust is a member and the sole manager of DeBoer Family LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions, with neutral sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Key Dates