LCI Industries (LCII) Director Virginia Henkels Exercises Options, Receives RSUs

What Happened

• Virginia Henkels, a director of LCI Industries (LCII), exercised/converted derivative awards to acquire 1,761 shares at $112.42 per share (total ~$197,972) on May 12, 2026 and simultaneously disposed of the same 1,761 shares (same value), indicating an immediate sale/cashless exercise.
• On the same date she was credited with 1,335 restricted stock units (RSUs) with a reported acquisition value of $0; per the filing these RSUs vested in full on May 12, 2026.

Key Details

• Transaction date: May 12, 2026. Exercise/disposition price: $112.42/share; total shown ~$197,972. RSU grant recorded at $0 value (1,335 units).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Relevant footnotes: F1—each stock unit equals a contingent right to one share; F3—these restricted stock units vested in full on May 12, 2026. Other footnotes note that some stock units include additional dividend-equivalent units.
• Filing timeliness: Form 4 filed May 13, 2026 for transactions on May 12, 2026 (appears timely).

Context

• The paired "M" entries (acquired and disposed the same number of shares) reflect an option/derivative exercise with an immediate sale of the exercised shares (commonly a cashless exercise or sell-to-cover), rather than an open-market purchase that would signal additional personal investment.
• The 1,335 RSUs vested at the annual meeting date — vested RSUs are compensation, not a market buy signal.
• No 10% owner or 10b5-1 plan indication was provided in the excerpt; motives should not be inferred from these routine compensation and exercise events.