Form 4: CarMax EVP and CITO Mohammad Shamim Executes Stock Options and Sells Shares
SEC Form 4
Mohammad Shamim, EVP and CITO of CarMax, exercised stock options and sold 10,000 shares of common stock on December 23, 2024.
Summary
- On December 23, 2024, Mohammad Shamim, the EVP and CITO of CarMax, exercised stock options to acquire 10,000 shares of CarMax common stock at a price of $63.04 per share.
- Simultaneously, Shamim sold 10,000 shares of CarMax common stock at an average price of $83.77, with prices ranging from $83.73 to $83.82.
- Following these transactions, Shamim directly owns 11,738 shares of CarMax common stock and 12,845 stock options.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it represents a standard executive stock option exercise and 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 exercisable with respect to one-fourth of the underlying shares. |
| 12/23/2024 | EVP and CITO Mohammad Shamim 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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