Form 4: CarMax SVP, CAF, Jon G Daniels, Reports Stock Disposal
SEC Form 4 Filing
Jon G Daniels, SVP, CAF of CarMax Inc, disposed of 526 shares of common stock on May 3, 2024, to cover tax obligations.
Summary
- On May 3, 2024, Jon G Daniels, a Senior Vice President at CarMax Inc., disposed of 526 shares of common stock.
- The transaction was executed at a price of $68.71 per share.
- Following the transaction, Daniels directly owns 2,226 shares of CarMax Inc. common stock.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of stock disposal transaction |
| 05/07/2024 | Date of signature on the Form 4 filing |
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