LCI Industries (LCII) CHRO receives restricted and performance stock unit grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Andrich Petar reported acquisition or exercise transactions in this Form 4 filing.
LCI Industries Chief Human Resources Officer Petar Andrich received new equity awards in the form of stock units. On March 1, 2026, he was granted 1,773 restricted stock units and 1,182 performance stock units, each representing a contingent right to one share of LCI Industries common stock.
The restricted stock units vest in three equal annual installments on the first through third anniversaries of the March 1, 2026 grant date. The performance stock units may be earned based on Return on Invested Capital and Free Cash Flow goals measured through the end of 2028, with any earned units vesting on March 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Andrich Petar
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,773 | $0.00 | -- |
| Grant/Award | Performance Stock Unit | 1,182 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,790 shares (Direct);
Performance Stock Unit — 1,193 shares (Direct)
Footnotes (1)
- Each Stock Unit represents a contingent right to receive one share of LCII Common Stock. The filing was delayed due to a procedural delay in Mr. Andrich receiving the requisite EDGAR access codes from the SEC. This Form 4 was filed promptly upon receipt of the codes. These restricted stock units vest ratably each year on the first through third anniversaries of the grant date, which was March 1, 2026. Includes 17 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 27, 2026 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s). These Performance Stock Units ("PSUs") represent the contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital and Free Cash Flow performance goals are achieved by the end of 2028. Earned PSUs, if any, will vest on March 1, 2029. Includes 11 stock unit(s) received as a result of regular cash dividends paid on reported payment date(s) March 27, 2026 to holders of registrant's common stock on the related reported record date(s). In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan, holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions as the underlying stock units held on the reported record date(s).
Key Figures
Restricted stock units granted: 1,773 units
Performance stock units granted: 1,182 units
RSU holdings after grant: 1,790 units
+4 more
7 metrics
Restricted stock units granted
1,773 units
Grant to CHRO Petar Andrich on March 1, 2026
Performance stock units granted
1,182 units
Grant to CHRO Petar Andrich on March 1, 2026
RSU holdings after grant
1,790 units
Total restricted stock units following the transaction
PSU holdings after grant
1,193 units
Total performance stock units following the transaction
RSU vesting schedule
3 annual installments
Vest on first through third anniversaries of March 1, 2026
PSU performance measurement period
through end of 2028
Based on Return on Invested Capital and Free Cash Flow goals
PSU vesting date if earned
March 1, 2029
Earned performance stock units vest on this date
Key Terms
Restricted Stock Unit, Performance Stock Unit, Return on Invested Capital, Free Cash Flow, +2 more
6 terms
Restricted Stock Unit financial
"Each Stock Unit represents a contingent right to receive one share of LCII Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance Stock Unit financial
"These Performance Stock Units ("PSUs") represent the contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital and Free Cash Flow performance goals are achieved"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
Return on Invested Capital financial
"These Performance Stock Units ("PSUs") represent the contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital and Free Cash Flow performance goals are achieved"
A percentage that shows how effectively a company turns the money invested in its business—both borrowed funds and shareholders’ equity—into operating profit after taxes. It tells investors whether a company earns more from its core operations than it costs to fund those operations; think of it like the annual return you’d expect from renovating a rental property—higher percentages mean the company uses capital more efficiently and is more likely to create value for shareholders.
Free Cash Flow financial
"These Performance Stock Units ("PSUs") represent the contingent right to receive shares of LCII Common Stock, if and to the extent certain Return on Invested Capital and Free Cash Flow performance goals are achieved"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
dividend equivalent stock unit financial
"holders of stock units on the reported dividend record date(s) received additional dividend equivalent stock unit(s) subject to the same terms and conditions"
2018 Omnibus Incentive Plan financial
"In accordance with the registrant's 2018 Omnibus Incentive Plan for underlying units granted under that plan"
FAQ
What equity awards did LCI Industries (LCII) grant to Petar Andrich?
LCI Industries granted Chief Human Resources Officer Petar Andrich 1,773 restricted stock units and 1,182 performance stock units on March 1, 2026. Each unit represents a contingent right to receive one share of LCI Industries common stock, subject to vesting and performance conditions.
How do the restricted stock units for LCII’s Petar Andrich vest?
The restricted stock units granted to Petar Andrich vest ratably over three years. They vest in equal portions on the first, second, and third anniversaries of the March 1, 2026 grant date, aligning his compensation with longer-term service at LCI Industries.
What performance goals apply to LCI Industries (LCII) performance stock units?
The performance stock units granted to Petar Andrich depend on achieving specific Return on Invested Capital and Free Cash Flow goals by the end of 2028. Only if these performance targets are met will earned units vest, providing shares of LCI Industries common stock.
When do Petar Andrich’s LCI Industries performance stock units vest if earned?
Any performance stock units earned by Petar Andrich will vest on March 1, 2029. Vesting occurs only after Return on Invested Capital and Free Cash Flow goals are measured through the end of 2028 and the number of earned units is determined.
What does each stock unit granted by LCI Industries (LCII) represent?
Each restricted stock unit and performance stock unit represents a contingent right to receive one share of LCI Industries common stock. Actual delivery of shares depends on satisfying service-based vesting for RSUs and performance plus time-based vesting for PSUs.
Are dividend equivalents included in Petar Andrich’s LCI Industries stock units?
The holdings include additional stock units received as dividend equivalents on March 27, 2026. Holders of existing units received extra units instead of cash, with these dividend equivalent units subject to the same terms and conditions as the original awards.