Form 4: CarMax EVP and COO Charles Joseph Wilson Reports Acquisition of Common Stock
SEC Form 4
Charles Joseph Wilson, EVP and COO of CarMax, reports the acquisition of 1,296 shares of common stock related to performance stock unit awards.
Summary
- On April 10, 2024, Charles Joseph Wilson, EVP and COO of CarMax Inc., acquired 1,296 shares of common stock.
- The acquisition is related to the vesting of performance stock units (PSUs) granted in previous years.
- Specifically, the shares were earned as a result of the Compensation Committee's certification of performance goals for year three of PSU awards granted on May 3, 2021 (231 shares), year two of PSU awards granted on May 2, 2022 (415 shares), and year one of PSU awards granted on May 1, 2023 (650 shares).
- Following the transaction, Wilson directly owns 16,054 shares of CarMax common stock.
- Wilson has a power of attorney naming John M. Stuckey, Ashley Cullum, Christine Carter and Jessica Kirkland as his attorneys-in-fact for Section 16 filings.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports a routine transaction related to executive compensation. The vesting of PSUs suggests that performance goals were met, which is mildly positive.
Positives
- The vesting of performance stock units suggests that performance goals were met, which could be viewed positively.
Industry Context
Executive stock ownership changes are routinely monitored by investors as indicators of management's confidence in the company's prospects. PSU vesting is tied to company performance, so this event is a reflection of past performance.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it indicates that performance goals were met.
Key Dates
| Date | Description |
|---|---|
| January 26, 2024 | Date of Power of Attorney execution. |
| May 3, 2021 | Grant date of PSU awards from which 231 shares vested. |
| May 2, 2022 | Grant date of PSU awards from which 415 shares vested. |
| May 1, 2023 | Grant date of PSU awards from which 650 shares vested. |
| April 10, 2024 | Date of stock acquisition. |
| April 12, 2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.