Marguerite Celeste - Oct 26, 2022 Form 4 Insider Report for LITHIA MOTORS INC (LAD)

Signature
/s/ Kevin Cundick, Attorney-in-Fact
Stock symbol
LAD
Transactions as of
Oct 26, 2022
Transactions value $
$0
Form type
4
Date filed
10/26/2022, 08:09 PM
Previous filing
Feb 17, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAD Lithia Motors Inc Common Stock Award $0 +111 +8.44% $0.00 1.43K Oct 26, 2022 Direct F1, F2
* 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 on 01-03-2022. 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 on January 1, 2023.
F2 Each restricted stock unit represents a contingent right to receive one share of Common Stock.