X0508 4 2024-08-15 0000763532 LSI INDUSTRIES INC LYTS 0001756328 Clark James Anthony 10000 ALLIANCE ROAD CINCINNATI OH 45242 true true CEO and President false Common Shares 2024-08-15 4 A 0 40214 0 D 290823 D Common Shares 2024-08-15 4 A 0 103607 0 D 394430 D Common Shares 185075 D Option to Buy 4.4 2028-11-01 Common Shares 500000 500000 D Option to Buy 6.8 2030-08-19 Common Shares 76271 76271 D Award of restricted stock units (RSUs) pursuant to 2019 Omnibus Award Plan and FY25 Long Term Incentive Plan. The RSUs vest in equal annual installments over three years. Acquired shares pursuant to vesting of performance share units granted in August 2021. Common shares held in the LSI Industries Inc. Non-Qualified Deferral Compensation Plan. These holdings have been previously reported on Form 4. Non-qualified stock option granted pursuant to the Employment Agreement dated October 15, 2018 between the Reporting Person and the Issuer as an inducement award outside the Issuer's 2012 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The option vests as follows: (i) 250,000 shares on November 1, 2021; (ii) 125,000 shares if the closing price per share of the Issuer's common stock is at least $9.50 per share prior to the expiration of the option; and (iii) 125.000 shares if the closing price per share of the Issuer's common stock is at least $15.00 per share prior to the expiration of the option. The vesting of the option as to each tranche of shares is subject to the Reporting Person's continued employment with the Issuer as President and Chief Executive Officer on November 1, 2021. The options vest ratably over a three year time period. /s/ F. Mark Reuter as Attorney-in-Fact for James A. Clark 2024-08-16