David Stork - Feb 22, 2023 Form 4 Insider Report for LITHIA MOTORS INC (LAD)

Role
Chief Administrative Officer
Signature
/s/ Kevin Cundick, Attorney-in-Fact
Stock symbol
LAD
Transactions as of
Feb 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 04:00 PM
Previous filing
Jan 3, 2023
Next filing
Jul 31, 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 +1.24K +68% $0.00 3.06K Feb 22, 2023 Direct F1, F2
transaction LAD Lithia Motors Inc Common Stock Award $0 +619 +20.22% $0.00 3.68K Feb 22, 2023 Direct F3
* 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 performance and time-vesting restricted stock unit agreements 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 in installments on January 1st of each of the following years: 2024, 2025, 2026.
F2 Acquisition of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock.
F3 Acquisition of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock. Subject to the reporting persons continued employment with the issuer or any of its subsidiaries, the restricted stock units vest on January 1st of each of the following years: 2024, 2025, 2026.