GERO JAMES 4

What Happened
Gero James, a director of LCI Industries (LCII), was granted 234 stock units (reported as a derivative award) on March 31, 2026. The units were reported at an acquisition value of $122.98 each, totaling approximately $28,777. This was an award/grant (code "A") — not an open-market purchase or sale — and represents stock-based compensation rather than a direct cash investment.

Key Details

• Transaction date: March 31, 2026; filing date: April 1, 2026 (appears timely).
• Grant: 234 stock units @ $122.98 per unit; total reported value ~$28,777.
• Transaction type: Award/Grant (derivative stock units / DSUs), not a sale or purchase.
• Shares owned after transaction: Not specified in the provided excerpt.
• Relevant footnotes from the filing:
  • F1: Each stock unit represents a contingent right to receive one share of LCII common stock.
  • F2: These are deferred stock units (DSUs) earned from quarterly director fees; settlement will occur upon conclusion of the director’s board service per the director’s election.
  • F3/F5: Filing notes dividend-equivalent stock units were credited on March 27, 2026 to holders of stock units (these receive the same terms as underlying units).
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the supplied data.

Context
This award is a typical form of director compensation (deferred stock units) and should be viewed as compensation rather than a straightforward buy signal. DSUs are contingent rights that convert to shares (or share value) later, often after a director leaves the board or per the director’s election, and may include dividend equivalents as noted in the footnotes.