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LCI INDUSTRIES·4

Mar 3, 4:38 PM ET

Schnur Jamie 4

4 · LCI INDUSTRIES · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

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LCI Industries (LCII) Jamie Schnur (Group President) Exercises Options

What Happened
Jamie Schnur, Group President — Aftermarket at LCI Industries (LCII), exercised stock options on March 1, 2026, acquiring three lots of 2,386; 2,544; and 2,780 shares (7,710 shares total) at an exercise price of $133.20 each, for a gross value of $1,026,972. The filing shows those exercised shares were immediately disposed/treated in the transaction (derivative dispositions) and that 3,364 shares were surrendered to cover tax liability. On the same date Schnur was granted restricted stock units (RSUs) of 5,717 and 8,575 shares (total 14,292 RSUs) subject to vesting schedules. The filing also reports a disposition to the issuer of 16,458 shares and the forfeiture of certain performance stock units from a March 1, 2023 grant.

Key Details

  • Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely file within the usual two‑business‑day window).
  • Option exercise details: 2,386 / 2,544 / 2,780 shares exercised at $133.20 each — total acquired 7,710 shares; aggregate value ≈ $1,026,972.
  • Tax/settlement actions: 3,364 shares shown as surrendered for tax liability (code F); 16,458 shares disposed to issuer (code D).
  • Awards: RSU grants of 5,717 and 8,575 shares (code A) — these are stock units that convert to common shares per the vesting schedules in the footnotes.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1: Each Stock Unit = contingent right to one share.
    • F2–F5: RSUs vest ratably over three years from grant dates (Mar 1 of 2023–2026 as applicable).
    • F6: PSUs are performance‑based (vesting contingent on ROIC and Free Cash Flow through 2028; earned PSUs vest Mar 1, 2029).
    • F7: PSUs granted Mar 1, 2023 were determined forfeited on Mar 1, 2026.

Context

  • The filing shows a cashless/settlement pattern: options were exercised (code M) and shares were immediately used to satisfy tax obligations and other issuer requirements (codes F and D). That is a routine executive financing/settlement action rather than an open‑market buy or sale expressing a change in sentiment.
  • Purchases (net additions of cash-paid shares) generally carry more straightforward bullish implication; here the net economic effect is settlement/vesting and forfeiture activity.
  • No indication in the filing of a 10b5-1 plan or late filing; the Form 4 was filed two days after the March 1 transactions.

Insider Transaction Report

Form 4
Period: 2026-03-01
LCI INDUSTRIESLCII
Schnur Jamie
Group President - Aftermarket
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-01$133.20/sh+2,386$317,815→ 21,806 total
  • Exercise/Conversion

    Common Stock

    2026-03-01$133.20/sh+2,544$338,861→ 24,350 total
  • Exercise/Conversion

    Common Stock

    2026-03-01$133.20/sh+2,780$370,296→ 27,130 total
  • Tax Payment

    Common Stock

    2026-03-01−3,364→ 23,766 total
  • Exercise/Conversion

    Restricted Stock Unit

    [F1][F2]
    2026-03-01$133.20/sh−2,386$317,815→ 0 total
    Exp: 2026-03-01→ Common Stock (2,386 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1][F3]
    2026-03-01$133.20/sh−2,544$338,861→ 2,544 total
    Exp: 2027-03-01→ Common Stock (2,544 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1][F4]
    2026-03-01$133.20/sh−2,780$370,296→ 5,562 total
    Exp: 2028-03-01→ Common Stock (2,780 underlying)
  • Award

    Restricted Stock Unit

    [F1][F5]
    2026-03-01+5,717→ 5,717 total
    Exp: 2029-03-01→ Common Stock (5,717 underlying)
  • Award

    Performance Stock Unit

    [F1][F6]
    2026-03-01+8,575→ 8,575 total
    From: 2029-03-01Exp: 2029-03-01→ Common Stock (8,575 underlying)
  • Disposition to Issuer

    Performance Stock Unit

    [F1][F7]
    2026-03-01−16,458→ 0 total
    From: 2026-03-01Exp: 2026-03-01→ Common Stock (16,458 underlying)
Holdings

  • Performance Stock Unit

    [F1]
    From: 2027-03-01Exp: 2027-03-01→ Common Stock (11,446 underlying)
    11,446

  • Performance Stock Unit

    [F1]
    From: 2028-03-01Exp: 2028-03-01→ Common Stock (12,512 underlying)
    12,512
Footnotes (7)
  • [F1]Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
  • [F2]These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2023.
  • [F3]These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024.
  • [F4]These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2025
  • [F5]These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2026.
  • [F6]These Performance Stock Units ("PSUs") represent the contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital and Free Cash Flow performance goals are achieved by the end of 2028. Earned PSUs, if any, will vest on March 1, 2029.
  • [F7]Represents the forfeiture of PSUs granted to the reporting person on March 1, 2023 that were eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table II of Form 4. On March 1, 2026, the Company determined that, based on the Company's performance over the applicable performance period, all PSUs under this grant would be forfeited.
Signature
/s/ Lillian D. Etzkorn on behalf of Jamie M. Schnur|2026-03-03

Documents

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