Form 4: Lithia Motors Inc. Executive Glandon Acquires and Disposes of Shares in Recent Transactions
SEC Form 4 Filing
Gary M. Glandon, Chief People Officer at Lithia Motors Inc., reports acquisition of restricted stock units and disposal of shares for tax obligations.
Summary
- Gary M. Glandon, Chief People Officer of Lithia Motors Inc., reported transactions involving Lithia Motors Inc. common stock.
- On January 2, 2025, Glandon acquired 459 shares of common stock through restricted stock units at a price of $0.
- These restricted stock units vest annually on January 1st in 2026, 2027, and 2028, contingent upon continued employment.
- On January 3, 2025, Glandon disposed of 198 shares at $357.43 per share to cover tax obligations related to the vesting of restricted stock units.
- Following these transactions, Glandon directly owns 1,990 shares of Lithia Motors Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Future Outlook
The restricted stock units vest annually on January 1st in 2026, 2027, and 2028, contingent upon continued employment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings provide transparency into the trading activities of company executives and can be monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Acquisition of 459 restricted stock units. |
| 01/03/2025 | Disposal of 198 shares for tax obligations. |
| 2026 | First vesting date for restricted stock units. |
| 2027 | Second vesting date for restricted stock units. |
| 2028 | Third vesting date for restricted stock units. |
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