Form 4: Copart Director Granted 17,813 Stock Options

Copart Inc. Director Daniel J. Englander was granted 17,813 stock options with an exercise price of $38.72, vesting monthly over 12 months.

Summary

• Daniel J. Englander, a Director of Copart, Inc. (CPRT), was granted 17,813 stock options.
• The transaction date for this grant was December 5, 2025.
• These stock options have an exercise price of $38.72 per share.
• The options will vest on a monthly basis over the 12 months succeeding the grant date.
• The expiration date for these stock options is December 5, 2032.
• The grant was made under the company's 2007 Equity Incentive Plan.
• Following this transaction, Daniel J. Englander beneficially owns 17,813 derivative securities directly.

Sentiment

Score: 7

Explanation: The grant of stock options to a director is generally viewed positively as it aligns the director's long-term interests with shareholder value creation. It is a routine compensation event and does not indicate any immediate operational or financial changes.

Positives

• The grant of stock options aligns the director's financial interests with the long-term performance of Copart, Inc., incentivizing value creation for shareholders.

Future Outlook

The stock options granted will vest monthly over the 12 months following the grant date, providing a future incentive for the director to contribute to the company's performance.

Industry Context

The grant of stock options to a director is a common practice in publicly traded companies as a form of equity compensation, designed to align the interests of management and directors with those of shareholders.

Comparison to Industry Standards

• This is a standard equity grant under an existing incentive plan, common practice for director compensation in publicly traded companies.
• The filing does not provide specific details for comparison to other companies' grant sizes or terms, but the structure (exercise price, vesting schedule, expiration) is typical for such awards.

Corporate Governance

Related Party Transactions

• Grant of 17,813 stock options to Daniel J. Englander, a director of Copart, Inc., under the company's 2007 Equity Incentive Plan. This is a standard compensation arrangement between the company and a related party.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of the director's interests with long-term company performance through equity ownership, which could lead to enhanced shareholder value.
• Employees: No direct impact mentioned for general employees.

Next Steps

• The granted stock options will continue to vest monthly over the 12 months succeeding the grant date of December 5, 2025.

Key Dates

Keywords

Copart, CPRT, Stock Options, Equity Incentive Plan, Director Compensation, Insider Transaction, Form 4