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., reported a transaction involving the withholding of shares for tax obligations related to vesting restricted stock units.
Summary
- On March 1, 2024, Sidney B. DeBoer, a director of Lithia Motors Inc. (LAD), reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 95 shares to cover tax obligations arising from the vesting of restricted stock units at a price of $299.06 per share.
- Following the transaction, DeBoer directly owns 16,758 shares and indirectly owns 100,000 shares through The Sidney B. DeBoer Trust and DeBoer Family LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Shares withheld for payment of taxes on vesting of restricted stock units. |
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.