Myers Linda Kristine 4
Research Summary
AI-generated summary
LCI Industries Director Linda Myers Exercises Options, Receives RSUs
What Happened Linda Kristine Myers, a director of LCI Industries (LCII), exercised/conversion of derivative securities for 1,761 shares (code M) at $112.42 per share for an aggregate $197,972 and simultaneously disposed of those 1,761 shares (indicating an immediate sale/cashless exercise). On the same date (May 12, 2026) she was credited with 1,335 restricted stock units (RSUs) (code A) at $0.00 — these RSUs vested in full on May 12, 2026 per the filing.
Key Details
- Transaction date: May 12, 2026. Exercise/conversion and disposition: 1,761 shares at $112.42 each (total $197,972). Grant/award: 1,335 RSUs at $0.00.
- Shares owned after transaction: not disclosed in this filing.
- Relevant footnotes: F3 — the 1,335 restricted stock units vested in full on May 12, 2026. F1/F2/F6 — stock/unit references include dividend-equivalent units for certain grants per the Omnibus Incentive Plan. F5 describes deferred stock units (DSUs) treatment for director fees (not directly changing the above counts).
- Filing timeliness: filing date 2026-05-13 for a transaction on 2026-05-12 — appears timely (not marked late).
Context
- The paired exercise (M) and immediate disposition (reported disposition of the same 1,761 shares) is consistent with a cashless exercise or same-day sale of exercised shares; this converts derivatives into cash rather than adding to long-term shareholdings. Receiving vested RSUs is a non-cash compensation event — these RSUs convert to shares subject to the plan terms and are usually part of director compensation rather than an open-market purchase.