Andrich Petar 4
4 · LCI INDUSTRIES · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
LCI Industries (LCII) CHRO Petar Andrich Receives Equity Award
What Happened
Petar Andrich, Chief Human Resources Officer of LCI Industries (LCII), was granted two equity awards on March 1, 2026: 1,773 restricted stock units (RSUs) and 1,182 performance stock units (PSUs). Each stock unit represents a contingent right to one share of LCII common stock; both grants have a reported acquisition price of $0 and are recorded as derivative awards (transaction code A). Dividend equivalent units were credited to these awards in connection with the company's regular cash dividend.
Key Details
- Transaction date: March 1, 2026. Form 4 filed March 31, 2026 (filing delayed due to procedural EDGAR access code issue; F2).
- Grants: 1,773 RSUs and 1,182 PSUs; reported price $0; total immediate cash value reported $0. (F1)
- Vesting: RSUs vest ratably on the 1st–3rd anniversaries of March 1, 2026 (i.e., annual vesting over three years) (F3). PSUs vest only if Return on Invested Capital and Free Cash Flow targets are met by the end of 2028; any earned PSUs would vest on March 1, 2029 (F5).
- Dividend equivalents: Includes 17 and 11 additional stock units credited as dividend equivalents for the respective awards from the March 27, 2026 dividend (F4, F6).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Filing timeliness: Marked late in timing but accompanied by a procedural explanation (F2).
Context
These were equity compensation awards — not open-market purchases or sales — so they represent part of executive pay rather than an immediate insider buy/sell signal. PSUs are performance-contingent and may never convert to shares if targets aren’t met; RSUs vest over time. The late filing reduces the immediacy of disclosure, but the company states the delay was due to obtaining EDGAR access codes and that the Form 4 was filed promptly thereafter.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2][F3][F4]2026-03-01+1,773→ 1,790 totalExp: 2029-03-01→ Common Stock (1,773 underlying) - Award
Performance Stock Unit
[F1][F2][F5][F6]2026-03-01+1,182→ 1,193 totalFrom: 2029-03-01Exp: 2029-03-01→ Common Stock (1,182 underlying)
Footnotes (6)
- [F1]Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
- [F2]The filing was delayed due to a procedural delay in Mr. Andrich receiving the requisite EDGAR access codes from the SEC. This Form 4 was filed promptly upon receipt of the codes.
- [F3]These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2026.
- [F4]Includes 17 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) 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).
- [F5]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.
- [F6]Includes 11 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) 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).