Form 4: CarMax Director McCreight's Stock Vesting & Tax Sale

CarMax Director David W. McCreight reported the vesting of restricted stock units and subsequent sale of shares for tax withholding purposes.

Summary

• David W. McCreight, a Director at CarMax Inc. (KMX), reported transactions on March 16, 2026.
• He acquired 30,558 shares of Common Stock at $41.71 per share through the vesting of Restricted Stock Units (RSUs).
• Concurrently, he disposed of 11,423 shares of Common Stock at $41.71 per share to cover tax withholding obligations.
• Following these transactions, McCreight beneficially owns 35,834 shares of Common Stock directly.
• The vesting occurred on the date he ceased serving as the Company's Interim President and Chief Executive Officer.
• An initial grant of 91,673 RSUs was made on December 26, 2025, with 30,558 vesting and the remaining 61,085 RSUs forfeited.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, reporting standard executive compensation events without indicating any significant positive or negative operational or financial developments for CarMax.

Positives

• Vesting of 30,558 Restricted Stock Units indicates a portion of executive compensation was realized.

Negatives

• Forfeiture of 61,085 Restricted Stock Units due to McCreight ceasing his role as Interim President and CEO.

Future Outlook

No forward-looking statements or guidance were provided in the filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock ownership changes. This particular filing reflects a routine RSU vesting event and subsequent tax-related sale, common for executives, especially upon a change in role.

Comparison to Industry Standards

• This Form 4 details a standard RSU vesting and tax withholding transaction, which is a common component of executive compensation across various industries.
• For example, similar RSU vesting patterns are observed in companies like AutoNation (AN) or Lithia Motors (LAD) for their executives, where equity awards are a significant part of their remuneration packages.
• The forfeiture of unvested RSUs upon departure from an executive role is also a standard practice in corporate compensation structures, aligning executive incentives with long-term company performance.

Management Changes

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership changes, which is a standard governance practice.

Key Dates

Keywords

CarMax, KMX, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Sale, Director, Executive Compensation