Form 4: Sidney B. DeBoer Reports Lithia Motors Stock Distribution and Acquisition
SEC Form 4 Filing
Sidney B. DeBoer reports a pro rata distribution of Lithia Motors Inc. common stock and subsequent acquisition, impacting direct and indirect ownership.
Summary
- On August 21, 2024, Sidney B. DeBoer was involved in a pro rata distribution by Lithia Holding Company, LLC of Lithia Motors Inc. common stock to members of DeBoer Family LLC.
- As a result of this distribution, 100,000 shares of Lithia Motors Inc. common stock were disposed of at a price of $286.6 per share.
- Concurrently, 40,777 shares were acquired at the same price.
- Following these transactions, DeBoer directly owns 58,067 shares and indirectly owns 0 shares through The Sidney B. DeBoer Trust and DeBoer Family LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The pro rata distribution and subsequent transactions may have a minor impact on shareholders due to the change in ownership structure.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of pro rata distribution and stock transactions. |
| 08/22/2024 | Date of signature by Attorney-in-Fact. |
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