Graham Tracy D 4
4 · LCI INDUSTRIES · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
LCI Industries Director Tracy Graham Exercises Options, Receives RSUs
What Happened
Tracy D. Graham, a director of LCI Industries (LCII), exercised or converted derivative awards for 1,761 shares at $112.42 per share on May 12, 2026 (gross value ≈ $197,972) and the same 1,761 derivative shares were disposed of the same day (a cashless exercise/convert-and-sell). Separately on May 12, 2026 Graham was credited with 1,335 restricted stock units (RSUs)/stock units at $0.00 that vested in full on that date (no cash paid).
Key Details
- Transaction date: May 12, 2026. Form filed May 13, 2026 (timely filing).
- Exercise/derivative: 1,761 shares @ $112.42 = $197,972 (acquired via exercise/convert and then disposed the same day). Transaction code M (exercise/conversion of derivative) and disposition of the derivative.
- Award/grant: 1,335 restricted stock units @ $0.00 (vested in full on May 12, 2026). Transaction code A.
- Shares owned after transaction: not disclosed in the provided excerpt of this filing.
- Footnotes: F1—each stock unit represents a contingent right to one share; F2—74 stock units arose from dividend equivalents paid during 2025–2026; F3—these RSUs vested in full on May 12, 2026; F4—some RSUs have scheduled vesting (by May 12, 2027 or next annual meeting).
- Filing timeliness: filed the day after the transactions — within typical Form 4 timing requirements.
Context
The exercise-plus-immediate-disposition is effectively a cashless or sell-to-cover transaction: options/derivatives were converted and the resulting shares were sold the same day, so this is not a net purchase signaling added long-term ownership. The 1,335 RSUs represent compensation that vested and convert into stock/unit entitlement; such awards are commonplace for directors and reflect pay rather than an independent bullish purchase.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-12$112.42/sh+1,761$197,972→ 17,427 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2][F3]2026-05-12$112.42/sh−1,761$197,972→ 0 total→ Common Stock (1,761 underlying) - Award
Restricted Stock Unit
[F1][F4]2026-05-12+1,335→ 1,335 total→ Common Stock (1,335 underlying)
Footnotes (4)
- [F1]Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
- [F2]Includes 74 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) June 13, 2025, September 12, 2025, December 12, 2025, and March 27, 2026 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
- [F3]These restricted stock units vested in full on May 12, 2026, the date of the 2026 annual meeting of stockholders.
- [F4]These restricted stock units will vest in full on the earlier of May 12, 2027 or the date of next year's annual meeting of stockholders.