Form 4: LSI Industries CEO James Clark Reports Stock Transactions
SEC Form 4 Filing
CEO James Clark reports acquisition and disposal of LSI Industries stock, including restricted stock units and performance share units.
Summary
- James Anthony Clark, CEO and President of LSI Industries Inc. (LYTS), filed a Form 4 detailing changes in beneficial ownership.
- On August 15, 2024, Clark acquired 40,214 common shares through restricted stock units (RSUs) and 103,607 common shares through vesting of performance share units.
- Clark also holds 185,075 common shares in the LSI Industries Inc. Non-Qualified Deferral Compensation Plan.
- Clark directly owns options to buy 500,000 shares at $4.40, expiring on November 1, 2028, and 76,271 shares at $6.80, expiring on August 19, 2030.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine stock transactions related to executive compensation. There is no indication of unusual or concerning activity.
Positives
- The acquisition of shares through vesting of RSUs and performance share units suggests confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| October 15, 2018 | Date of Employment Agreement between James Clark and LSI Industries. |
| August 2021 | Grant date of performance share units that vested on August 15, 2024. |
| November 1, 2021 | Initial vesting date for 250,000 shares of the $4.40 stock option. |
| 08/15/2024 | Date of the reported transactions (acquisition of RSUs and performance share units). |
| 08/16/2024 | Date of signature of the Form 4 filing. |
| 11/01/2028 | Expiration date for options to buy 500,000 common shares at $4.40. |
| 08/19/2030 | Expiration date for options to buy 76,271 common shares at $6.80. |
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