Form 4: AutoZone CEO Transfers Shares to Family Trust

Philip B. Daniele, AutoZone's President & CEO, transferred 802 shares of AZO common stock to Family Trust #1 on November 6, 2024.

Summary

• On November 6, 2024, Philip B. Daniele, the President & CEO of AutoZone Inc., transferred 802 shares of AutoZone (AZO) common stock to Family Trust #1.
• The transfer was made for no consideration ($0.0000 per share).
• Daniele remains the beneficial owner of the securities held by the trust, as he is the trustee and his immediate family members are the sole beneficiaries.
• Following the transaction, Daniele directly owns 146.5799 shares of AutoZone common stock.
• The transfer was also reported as an indirect holding of 802 shares as trustee for Family Trust #1.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding a stock transfer. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine disclosure related to insider transactions and doesn't necessarily reflect a change in the company's outlook or performance.

Related Party Transactions

• The transfer of shares to Family Trust #1, where the reporting person is the trustee and family members are beneficiaries, constitutes a related party transaction.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a transfer to a family trust and the reporting person retains beneficial ownership.

Key Dates