SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
LIPPERT JASON

(Last) (First) (Middle)
C/O LCI INDUSTRIES
3501 COUNTY ROAD 6 EAST

(Street)
ELKHART IN 46514-7663

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LCI INDUSTRIES [ LCII ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President , CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/01/2024 M 5,386 A $126.61 349,823 D
Common Stock 03/01/2024 M 6,397 A $126.61 356,220 D
Common Stock 03/01/2024 M 6,934 A $126.61 363,154 D
Common Stock 03/01/2024 M 48,473 A $126.61 411,627 D
Common Stock 03/01/2024 F 28,482 D $0 383,145 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 03/01/2024 M 5,386(2) (3) 03/01/0024 Common Stock 5,386 $126.61 0 D
Restricted Stock Unit (1) 03/01/2024 M 6,397(4) (5) 03/01/0025 Common Stock 6,397 $126.61 6,398(6) D
Restricted Stock Unit (1) 03/01/2024 M 6,934(7) (8) 03/01/0026 Common Stock 6,934 $126.61 13,868(9) D
Restricted Stock Unit (1) 03/01/2024 A 21,109 (10) 03/01/2027 Common Stock 21,109 $0 21,109 D
Performance Stock Unit (1) 03/01/2024 A 24,237(11) 03/01/2024 03/01/2024 Common Stock 24,237 $0 48,473(12) D
Performance Stock Unit (1) 03/01/2024 M 48,473 03/01/2024 03/01/2024 Common Stock 48,473 $126.61 0 D
Performance Stock Unit (1) 03/01/2025 03/01/2025 Common Stock 38,385 38,385(13) D
Performance Stock Unit (1) 03/01/2026 03/01/2026 Common Stock 44,202 44,202(14) D
Performance Stock Unit (1) 03/01/2024 A 31,664(15) 03/01/2027 03/01/2027 Common Stock 31,664 $0 31,664 D
Explanation of Responses:
1. Each Stock Unit represents a contingent right to receive one share of LCII Common Stock.
2. Includes 190 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
3. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2021.
4. Includes 225 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
5. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2022.
6. Includes 224 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
7. Includes 243 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
8. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2023.
9. Includes 487 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
10. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2024.
11. Represents Performance Stock Units that were earned due to the Company achieving certain Return on Invested Capital performance goals at the end of 2022.
12. Includes 1,701 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
13. Includes 1,346 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
14. Includes 1,550 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) December 15, 2023, September 15, 2023, June 16, 2023, and March 24, 2023 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).
15. These Performance Stock Units ("PSUs") represent a contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital performance goals are achieved by the end of 2026. Earned PSUs, if any, will vest on March 1, 2027.
Remarks:
/s/ Lillian D. Etzkorn on behalf of Jason D. Lippert 03/05/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


 


 

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