Thomas A. Caneris, Executive Vice President, HR and General Counsel at LSI Industries Inc. (), sold a total of 109,226 common shares for approximately $2,653,099 on May 28, 2026. The sales occurred after he exercised options to acquire company stock.
Mr. Caneris sold the common shares at a weighted average price of $24.29 per share. These transactions took place within a price range of $24.02 to $24.42 per share. The sale price comes as the stock trades near its 52-week high of $24.99, following a strong 50% gain over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. The sales were executed in multiple transactions, reducing his direct holdings in the company’s common stock.
Prior to the sales, Mr. Caneris exercised options to acquire 60,000 common shares at an exercise price of $4.04 per share, totaling $242,400. This non-qualified stock option was granted as an inducement award in accordance with NASDAQ Listing Rule 5635(c)(4), with 100,000 shares vesting on August 5, 2022, subject to his continued employment.
Following these transactions, Mr. Caneris directly holds 64,790 common shares of LSI Industries. He also retains options to purchase an additional 40,000 shares. InvestingPro subscribers have access to over 10 additional exclusive tips for LYTS, plus comprehensive Pro Research Reports covering 1,400+ US equities with actionable intelligence.
The filing detailing these transactions was made with the Securities and Exchange Commission on June 1, 2026.
In other recent news, LSI Industries reported its fiscal third-quarter 2026 results, showcasing significant growth. The company achieved revenues of $150.5 million, marking a 13.6% increase from the previous year and a 2.4% rise from the prior quarter. This figure surpassed the estimate from H.C. Wainwright, which projected revenues of $136.2 million. Additionally, LSI Industries reported earnings per share (EPS) of $0.28, exceeding the forecast of $0.19 by 47.37%. The revenue included a $6.6 million contribution from Royston, a recent acquisition. H.C. Wainwright reiterated a Buy rating for LSI Industries, maintaining a price target of $30.00. These developments reflect the company’s strong operational momentum and strategic execution.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Source:
www.investing.com
