Form 4: CarMax Director Mitchell D. Steenrod Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Mitchell D. Steenrod reports acquiring 2,598 shares of CarMax Inc. common stock on July 1, 2024.
Summary
- On July 1, 2024, Mitchell D. Steenrod, a director of CarMax Inc., acquired 2,598 shares of common stock.
- The acquisition price was $0 per share.
- Following the transaction, Steenrod directly owns 32,277 shares of CarMax Inc. common stock.
- A Power of Attorney was executed on January 30, 2024, granting authority to John M. Stuckey, Ashley Cullum, Christine Carter, and Jessica Kirkland to act on Steenrod's behalf for SEC filings.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition by a director. The acquisition itself can be seen as mildly positive, but the document is primarily informational.
Positives
- The acquisition of shares by a director could be interpreted positively, signaling confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers regarding their company's stock.
Stakeholder Impact
- The acquisition of shares by a director may positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2024-01-30 | Date of execution of Power of Attorney. |
| 2024-07-01 | Date of transaction: Acquisition of CarMax Inc. common stock. |
| 2024-07-02 | Date of signature of the report by attorney-in-fact. |
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