Form 4: CarMax CEO William Nash Executes Stock Options and Sells Shares
SEC Form 4 Filing
CarMax's President and CEO, William D. Nash, exercised stock options and sold 120,000 shares of common stock on July 11, 2024.
Summary
- On July 11, 2024, William D. Nash, President & CEO of CarMax Inc., exercised stock options to acquire 120,000 shares of CarMax common stock at a price of $63.04 per share.
- Simultaneously, Nash sold 120,000 shares of CarMax common stock at a weighted average price of $79.62, with prices ranging from $79.32 to $79.88.
- Following these transactions, Nash directly owns 181,683 shares of CarMax common stock and 120,513 stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 stock.
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 exercisable with respect to one-fourth of the underlying shares. |
| 05/01/2025 | Expiration date of the stock options. |
| 07/11/2024 | Date of the stock option exercise and share sale. |
| 07/12/2024 | Date of signature by attorney-in-fact. |
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