Form 4: CarMax VP, Controller & PAO Jill A. Livesay Executes Stock Option and Sells Shares
SEC Form 4
Jill A. Livesay, VP, Controller & PAO of CarMax Inc., exercised stock options and sold 12,000 shares of common stock on July 29, 2024.
Summary
- On July 29, 2024, Jill A. Livesay, VP, Controller & PAO of CarMax Inc., exercised stock options to acquire 12,000 shares of common stock at a price of $63.04.
- Simultaneously, Ms. Livesay sold 12,000 shares of CarMax common stock at an average price of $83.52, with prices ranging from $83.52 to $83.57.
- Following these transactions, Ms. Livesay directly owns 9,448 shares of CarMax common stock.
- She also holds 13,009 stock options.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
- The information disclosed is similar to that of other executives at comparable companies like AutoNation or Penske Automotive Group when they exercise options and sell shares.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding executive compensation and stock ownership.
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. |
| 05/01/2025 | Expiration date of the stock options. |
| 07/29/2024 | Date of the transaction: exercise of stock options and sale of shares. |
| 07/30/2024 | Date of signature by attorney-in-fact. |
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