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

Role: Sr Vice President, Operations
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, 08:10 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	+666	+1.35%	$0.00	50.2K	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.

Content

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.

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