SMITH RYAN RICHARD 4

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).