Dobry Thomas 4
4 · LITHIA MOTORS INC · Filed Feb 26, 2018
Insider Transaction Report
Form 4
Dobry Thomas
VP Marketing
Transactions
- Award
Class A Common Stock
2018-02-22+1,211→ 4,614 total - Tax Payment
Class A Common Stock
2018-02-22$110.04/sh−403$44,346→ 4,211 total - Award
Class A Common Stock
2018-02-22+3,621→ 7,832 total
Footnotes (4)
- [F1]Shares of Class A Common Stock were issued in settlement of restricted stock units that were earned and vested under a long-term restricted stock unit agreement entered into in 2015. Compensation Committee certification of the achievement of the performance criteria for the award occurred on the transaction date.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.
- [F4]Restricted stock units were awarded and earned under a performance and time-vesting restricted stock unit agreement entered into in 2017. Compensation Committee certification of the achievement of the performance condition for the award occurred on the transaction date. Subject to the reporting persons continued employment with the issuer or any of its subsidiaries, the restricted stock units vest in equal installments on January 1 of each of 2019, 2020 and 2021.