LAD Director Sidney B. DeBoer Withholds 81 Shares for Taxes

What Happened Sidney B. DeBoer, a director of LITHIA MOTORS INC (ticker: LAD), had 81 shares withheld to satisfy tax obligations on vested restricted stock units. The shares were withheld at a per-share value of $385.42, totaling $31,219. This was a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-03; Form 4 filed: 2026-08-05 (timely within the 2-business-day window).
• Price per share: $385.42; total value of shares withheld: $31,219.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — shares were withheld to pay taxes on RSU vesting; this was not an open market transaction.
• Transaction code: F (tax withholding on vesting).

Context Tax-withholding by an insider on vesting awards is a routine administrative action and does not signal a discretionary sale or change in investment conviction. This is common when restricted stock units vest and the company withholds shares to cover required taxes.