Mains Stephanie K. 4

What Happened

• Stephanie K. Mains, a director of LCI Industries (LCII), exercised or converted 1,761 derivative units at $112.42 per share on May 12, 2026 (total value $197,972). The same 1,761 shares were reported as disposed on that date, indicating the exercised shares were promptly sold/covered. In addition, she was granted/received 1,335 restricted stock units (RSUs) valued at $0 on the report (these RSUs vested in full on May 12, 2026).

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 13, 2026 (filed promptly).
• Exercise: 1,761 shares at $112.42 each — reported acquisition value $197,972.
• Immediate disposition: 1,761 shares reported as disposed (same price/value), indicating shares were sold/settled the same day.
• Award: 1,335 RSUs granted/received at $0; footnote indicates these RSUs vested in full on May 12, 2026.
• Footnote(s): F1 — each stock unit equals a contingent right to one share; F3 — the noted RSUs vested in full on 5/12/2026. Other footnotes describe dividend-equivalent stock units for certain grants.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• For retail investors: an option exercise followed by an immediate disposition is commonly a cashless or covering sale (insider exercised derivative rights and did not retain those shares). The RSUs that vested increase the director’s deferred/earned equity but were granted/vested rather than purchased. These moves are routine equity compensation events and do not, by themselves, signal the director’s market view.