O'SULLIVAN KIERAN M 4

4 · LCI INDUSTRIES · Filed May 13, 2026

AI-generated summary of this filing

Updated May 13, 2026

LCI Industries (LCII) Director Kieran O'Sullivan Exercises Options, Sells 1,761 Shares

What Happened

Kieran M. O'Sullivan, a director of LCI Industries (LCII), exercised/converted derivative awards and immediately disposed of 1,761 shares on May 12, 2026. The exercise/conversion price was $112.42 per share, generating proceeds of about $197,972. On the same date he also received 1,335 shares from a grant/award of restricted stock units that vested (reported at $0 acquisition price).

Key Details

Transaction date: May 12, 2026 (reported May 13, 2026).
Exercise/Conversion: 1,761 shares at $112.42 per share — proceeds ~$197,972 (exercise code M). Those 1,761 shares were also reported as disposed (sale) the same day.
Award/Grant: 1,335 restricted stock units acquired at $0 (code A); these vested in full on May 12, 2026 (see footnote F3).
Footnotes: F1 — each stock unit represents a right to one share; F2 — 74 stock units reflect dividend-equivalent units from prior dividends; F3 — the RSUs vested in full on May 12, 2026; F4 — some RSUs will vest by May 12, 2027 or at next annual meeting.
Shares owned after the transactions: not disclosed in the provided excerpt.
Filing timeliness: Report filed the day after the transaction (timely).

Context

The combined exercise/conversion and immediate sale suggests a cashless exercise or sale following conversion of derivative awards; this is a common way insiders realize value from vested awards and does not necessarily signal a change in their view of the company.
The 1,335 shares reflect vested restricted stock units (longer-term compensation) rather than an open-market purchase; such awards are compensation and do not imply a purchase-based bullish signal.

Form 4

Period: 2026-05-12

Director

Transactions

Exercise/Conversion
Common Stock
2026-05-12$112.42/sh+1,761$197,972→ 24,722 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.

Signature

/s/ Lillian D. Etzkorn on behalf of Kieran M. O'Sullivan|2026-05-13

3 files