Chris Holzshu - Feb 15, 2022 Form 4 Insider Report for LITHIA MOTORS INC (LAD)

Signature
By: Kevin Cundick; Attorney-in-Fact
Stock symbol
LAD
Transactions as of
Feb 15, 2022
Transactions value $
-$871,310
Form type
4
Date filed
2/17/2022, 06:40 PM
Previous filing
Feb 14, 2022
Next filing
Oct 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAD Common Stock Award $0 +9.57K +26.65% $0.00 45.5K Feb 17, 2022 Direct F1, F2
transaction LAD Common Stock Sale -$871K -2.8K -100% $310.96 0 Feb 15, 2022 By 401(k)
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units were awarded and earned under a performance and time-vesting restricted stock unit agreement entered into in 2021. Compensation Committee certification of the achievement of the performance condition for the award occurred on the transaction date. Subject to the reporting persons continued employment with the issuer or any of its subsidiaries, the restricted stock units vest in installments on January 1 of each of 2023, 2024, and 2025.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.