Form 4: CarMax Executive Diane L. Cafritz Acquires Shares Following Performance Goal Certifications

Diane L. Cafritz, EVP, General Counsel & CCO of CarMax, acquired 1,454 shares of common stock on April 10, 2024, following the certification of performance goals related to performance stock unit (PSU) awards.

Summary

• On April 10, 2024, Diane L. Cafritz, EVP, General Counsel & CCO of CarMax, acquired 1,454 shares of CarMax common stock.
• The acquisition was a result of the Compensation Committee's certification of performance goals under the terms of performance stock unit (PSU) awards.
• The shares were earned from PSU awards granted on May 3, 2021 (301 shares), May 2, 2022 (503 shares), and May 1, 2023 (650 shares).
• Following the transaction, Ms. Cafritz directly owns 6,977 shares of CarMax common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive based on performance goals suggests confidence in the company's performance.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's performance and future prospects.
• The shares were earned based on the achievement of performance goals, suggesting that the company is meeting its targets.

Industry Context

Executive compensation through stock awards is a common practice in the automotive retail industry to align management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of shares by a company executive can positively influence shareholder sentiment.

Key Dates