Schnur Jamie 4

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.