SMITH RYAN RICHARD 4
4 · LCI INDUSTRIES · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
LCI Industries (LCII) Group President Ryan R. Smith Sells 20,000 Shares
What Happened
Ryan R. Smith, Group President — N.A. of LCI Industries (LCII), sold 20,000 shares in an open-market/private sale on February 20, 2026. The reported weighted-average sale price was $147.81 per share for total proceeds of $2,956,200. This transaction is coded as a sale (S) — sales are often routine liquidity events rather than an explicit signal about company prospects.
Key Details
- Transaction date: 2026-02-20. Filing date (Form 4): 2026-02-24 (timely; filed within required reporting window).
- Price: Weighted average $147.81; trades executed across a range of $147.24 to $148.50 (footnote F1). Total proceeds ≈ $2,956,200.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes: F1 explains the multiple-trade execution and weighted-average price and notes the reporter will provide trade-level details on request. Other numbered footnotes in the filing reference dividend-equivalent stock units and RSU vesting terms under the company’s 2018 Omnibus Incentive Plan (they describe how stock units accumulate dividend equivalents and typical vesting schedules).
Context
This was an outright sale (code S). For retail investors, purchases typically carry more informational weight than routine insider sales; sales can reflect diversification, tax or personal needs. The filing appears timely, and no exercise, gift or special plan (e.g., 10b5-1) was indicated in the provided excerpt. If you want the post-transaction ownership or the trade-by-trade prices, the filer has offered to provide full trade details upon request (per footnote F1).
Insider Transaction Report
Form 4
LCI INDUSTRIESLCII
SMITH RYAN RICHARD
Group President - N.A.
Transactions
- Sale
Common Stock
[F1]2026-02-20$147.81/sh−20,000$2,956,200→ 10,092 total
Holdings
- 3,931
Restricted Stock Unit
[F2][F3][F4]Exp: 2026-03-01→ Common Stock (3,931 underlying) - 7,448
Restricted Stock Unit
[F2][F5][F6]Exp: 2027-03-01→ Common Stock (7,448 underlying) - 12,210
Restricted Stock Unit
[F2][F7][F8]Exp: 2028-03-01→ Common Stock (12,210 underlying) - 23,575
Performance Stock Unit
[F2][F9]From: 2026-03-01Exp: 2026-03-01→ Common Stock (23,575 underlying) - 16,755
Performance Stock Unit
[F2][F10]From: 2027-03-01Exp: 2027-03-01→ Common Stock (16,755 underlying) - 18,314
Performance Stock Unit
[F2][F11]From: 2028-03-01Exp: 2028-03-01→ Common Stock (18,314 underlying)
Footnotes (11)
- [F1]This transaction was executed in multiple trades at prices ranging from $147.24 to $148.50. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
- [F10]Includes 765 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 21, 2025, June 13, 2025, September 12, 2025, and December 12, 2025 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).
- [F11]Includes 836 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 21, 2025, June 13, 2025, September 12, 2025, and December 12, 2025 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).
- [F2]Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
- [F3]These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2023.
- [F4]Includes 179 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 21, 2025, June 13, 2025, September 12, 2025, and December 12, 2025 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 restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024.
- [F6]Includes 340 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 21, 2025, June 13, 2025, September 12, 2025, and December 12, 2025 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).
- [F7]These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2025.
- [F8]Includes 558 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 21, 2025, June 13, 2025, September 12, 2025, and December 12, 2025 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).
- [F9]Includes 1,076 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 21, 2025, June 13, 2025, September 12, 2025, and December 12, 2025 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).
Signature
/s/ Lillian D. Etzkorn on behalf of Ryan R. Smith|2026-02-24