Bryan B. Deboer - Jan 2, 2024 Form 4 Insider Report for LITHIA MOTORS INC (LAD)

Role
Chief Executive Officer
Signature
/s/ Kevin Cundick, Attorney-in-Fact
Stock symbol
LAD
Transactions as of
Jan 2, 2024
Transactions value $
-$5,924,076
Form type
4
Date filed
1/4/2024, 05:54 PM
Previous filing
Aug 3, 2023
Next filing
Aug 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAD Lithia Motors Inc Common Stock Award $0 +9.05K +4.08% $0.00 231K Jan 2, 2024 Direct F1
transaction LAD Lithia Motors Inc Common Stock Tax liability -$5.92M -18K -7.8% $329.28 213K Jan 3, 2024 Direct F2
holding LAD Lithia Motors Inc Common Stock 3.63K Jan 2, 2024 Held by Son
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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: 2025, 2026, 2027.
F2 Shares withheld for payment of taxes on vesting of restricted stock units; not an open market transaction.