LSI Industries (LYTS) Director Ronald D. Brown Receives RSU Award
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LSI Industries (LYTS) Director Ronald D. Brown Receives RSU Award
What Happened
Ronald D. Brown, a director of LSI Industries, was granted 3,410 restricted stock units (RSUs) on July 1, 2026 at an attributable price of $26.39 per share, for a total value of $89,990. This transaction is an award (code A) — a compensation/retention grant rather than an open-market purchase or sale. The RSUs vest one year from the grant date (see footnote F1).
Key Details
- Transaction date: 2026-07-01; per-share amount reported: $26.39; total value: $89,990.
- Number of shares acquired: 3,410 RSUs (code A).
- Vesting: RSUs vest one year from grant date (footnote F1).
- Amendment: This Form 4 is amended to correct the originally reported amount — the prior Form 4 filed July 6, 2026 incorrectly reported 853 shares; the correct number is 3,410 (footnote F2).
- Filing timeliness: The amended Form 4 was filed July 13, 2026 for a July 1 transaction; this appears to be a late filing under Section 16 reporting timelines.
- Shares owned after transaction: Not specified in the provided filing.
Context
RSUs are compensation that convert to actual shares when they vest; these units are not immediately tradable until vesting occurs. Because this is a grant to a director (not an open-market purchase), it primarily reflects compensation/retention activity rather than a direct market-based buy signal. The amendment correcting the share count is material for accuracy — investors tracking insider activity should use the corrected 3,410-share figure.