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

Role: Executive Vice President
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.

Content

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.

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.