Form 4: LKQ CFO Reports Tax Withholding on Vested Shares

LKQ Corporation's SVP and CFO, Rick Galloway, reported the disposition of 2,082.4 common shares for tax withholding related to restricted stock unit vesting.

Summary

• Rick Galloway, SVP and CFO of LKQ Corporation, reported a transaction on September 2, 2025.
• The transaction involved the disposition of 2,082.4 shares of LKQ Common Stock.
• These shares were withheld by the issuer to cover tax obligations arising from the vesting of restricted stock units.
• The shares were valued at $32.24 per share for the purpose of this transaction.
• Following this transaction, Rick Galloway beneficially owns 74,599.992 shares of LKQ Common Stock.

Sentiment

Score: 6

Explanation: The filing reports a routine tax-related transaction following the vesting of restricted stock units, which is a positive event for the executive but a neutral event for the company's operational performance. The disposition itself is a standard administrative action.

Positives

• The transaction indicates the vesting of restricted stock units, which is generally a positive event for the executive, reflecting earned compensation.

Negatives

• Disposition of shares, even for tax purposes, reduces the executive's direct ownership stake in the company.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine executive compensation-related tax withholding. It confirms executive compensation plans are in effect.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction by an insider (tax withholding upon RSU vesting). It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction is an expected part of executive compensation and does not signal any fundamental shift in the company's prospects.

Keywords

LKQ Corporation, LKQ, Rick Galloway, SVP and CFO, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Tax Withholding, Executive Compensation