Bailey Richard J Jr 4

What Happened
Richard J. Bailey Jr, a director of LITHIA MOTORS INC (ticker: LAD), was granted 715 restricted stock units (RSUs) on 2026-04-30. The Form 4 records the acquisition at $0.00 per unit (total reported acquisition value $0). This is an equity award/compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-30; Form 4 filed 2026-05-01 (appears timely).
• Transaction code: A (award/grant).
• Award: 715 restricted stock units @ $0.00; total $0 reported at grant.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote (F1): Each restricted stock unit represents a contingent right to receive one share of common stock (i.e., RSUs convert to shares upon vesting).
• Filing timeliness: Filed one business day after the transaction; not reported as late.

Context
RSUs are a form of compensation/retention award and typically vest over time or upon meeting performance conditions; they do not represent an immediate purchase or sale of shares. Tax withholding and conversion to actual shares generally occur at vesting; such awards should be seen as comp comp/compensation-related rather than a direct signal of the director’s short-term trading intent.