Andrich Petar 4

What Happened
Petar Andrich, Chief Human Resources Officer of LCI Industries (LCII), was granted two equity awards on March 1, 2026: 1,773 restricted stock units (RSUs) and 1,182 performance stock units (PSUs). Each stock unit represents a contingent right to one share of LCII common stock; both grants have a reported acquisition price of $0 and are recorded as derivative awards (transaction code A). Dividend equivalent units were credited to these awards in connection with the company's regular cash dividend.

Key Details

• Transaction date: March 1, 2026. Form 4 filed March 31, 2026 (filing delayed due to procedural EDGAR access code issue; F2).
• Grants: 1,773 RSUs and 1,182 PSUs; reported price $0; total immediate cash value reported $0. (F1)
• Vesting: RSUs vest ratably on the 1st–3rd anniversaries of March 1, 2026 (i.e., annual vesting over three years) (F3). PSUs vest only if Return on Invested Capital and Free Cash Flow targets are met by the end of 2028; any earned PSUs would vest on March 1, 2029 (F5).
• Dividend equivalents: Includes 17 and 11 additional stock units credited as dividend equivalents for the respective awards from the March 27, 2026 dividend (F4, F6).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Marked late in timing but accompanied by a procedural explanation (F2).

Context
These were equity compensation awards — not open-market purchases or sales — so they represent part of executive pay rather than an immediate insider buy/sell signal. PSUs are performance-contingent and may never convert to shares if targets aren’t met; RSUs vest over time. The late filing reduces the immediacy of disclosure, but the company states the delay was due to obtaining EDGAR access codes and that the Form 4 was filed promptly thereafter.