Form 4: CarMax CEO William Nash Executes Stock Options and Sells Shares
SEC Form 4 Filing
CarMax CEO William Nash exercised stock options and sold shares of common stock on December 23, 2024.
Summary
- On December 23, 2024, William D. Nash, President & CEO of CarMax Inc., executed stock options to acquire 120,513 shares of common stock at a price of $63.04 per share.
- Nash then sold 80,087 shares at an average price of $83.43 and 40,426 shares at an average price of $82.85.
- Following these transactions, Nash directly owns 181,683 shares of CarMax common stock.
- The stock options became fully exercisable on May 1, 2022.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. Investors often monitor such filings for insights into management's perspective on the company's value.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the increased supply of shares in the market from the sale.
Key Dates
| Date | Description |
|---|---|
| 05/01/2019 | Stock options became exercisable with respect to one-fourth of the underlying shares. |
| 05/01/2020 | Stock options became exercisable with respect to one-fourth of the underlying shares. |
| 05/01/2021 | Stock options became exercisable with respect to one-fourth of the underlying shares. |
| 05/01/2022 | Stock options became fully exercisable. |
| 12/23/2024 | CEO William Nash exercised stock options and sold shares. |
| 05/01/2025 | Expiration date of the stock options. |
| 12/26/2024 | Date of signature by attorney-in-fact. |
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