Form 4: AutoZone Inc. Executive Domingo Hurtado Reports Stock Option Grant
SEC Filing
Domingo Hurtado, a Senior Vice President at AutoZone Inc., reported the acquisition of stock options on October 11, 2024.
Summary
- Domingo Hurtado, a Senior Vice President of AutoZone Inc., filed a Form 4 with the SEC.
- The filing reports a transaction involving non-derivative securities.
- Hurtado acquired 2,917 non-qualified stock options with an exercise price of $3,129.78 on October 11, 2024.
- These options become exercisable starting October 15, 2026, with full vesting over the following two years, and expire on October 11, 2034.
- Following the reported transaction, Hurtado directly owns 2,917 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to company executives.
Stakeholder Impact
- The grant of stock options aligns executive interests with those of shareholders by incentivizing executives to increase the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Date of the stock option grant. |
| 10/15/2024 | Date of signature on the report. |
| 10/15/2026 | Date when 50% of the options become exercisable. |
| 10/11/2034 | Expiration date of the stock options. |
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