LSI Industries (LYTS) CEO Clark James Anthony Sells 47,046 Shares
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LSI Industries (LYTS) CEO Clark James Anthony Sells 47,046 Shares
What Happened
Clark James Anthony, CEO, President and a director of LSI Industries (LYTS), disposed of a total of 47,046 common shares in two open-market sales tied to tax withholding for vested equity awards. On 2026-08-24 he sold 23,340 shares at $19.78 each for $461,665, and on 2026-08-25 he sold 23,706 shares at $20.09 each for $476,254 — total proceeds approximately $937,919. These transactions are reported as sales (S) and were made to satisfy tax obligations upon vesting of restricted stock units (RSUs) and performance share units (PSUs).
Key Details
- Dates & prices: 2026-08-24 — 23,340 shares @ $19.78; 2026-08-25 — 23,706 shares @ $20.09.
- Total sold: 47,046 shares; total proceeds ≈ $937,919.
- Reason: Footnote F1 — shares disposed to pay taxes on vested RSUs/PSUs (tax withholding).
- Other note: F2 indicates common shares are also held in the company's Non‑Qualified Deferred Compensation Plan.
- Filing: Form 4 filed 2026-08-26 (reporting period began 2026-08-24); the filing appears timely (not marked late).
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
These sales were tax-withholding dispositions tied to vesting of awards (a common, routine reason for insider sales) rather than new market-directed selling for investment purposes. Such transactions are generally treated as administrative (not necessarily a signal about the CEO’s view of the company).