Lithia Motors replaces net income with EPS in 2024 PSUs after shareholder feedback

LITHIA MOTORS INC

Profitability metric in 2024 performance share units changed from net income to EPS.
Change follows feedback from shareholders, proxy advisory firms, and consultants.
No incremental accounting or compensation charge; not intended to increase payouts.
Compensation committee retains negative discretion; aligns with EPS-based strategic goal.
Change occurs ~4 months into 36-month performance period; prior LTI redesign in 2023.

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