Form 4: LKQ CFO's Routine Tax Withholding on RSU Vesting

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

Summary

• Rick Galloway, SVP and CFO of LKQ Corporation, reported a transaction involving the company's common stock.
• On March 2, 2026, 3,511.6 shares of common stock were disposed of.
• This disposition was a mandatory withholding by LKQ Corporation to cover tax obligations upon the vesting of Mr. Galloway's restricted stock units.
• The shares were valued at $32.5 per share for the purpose of this transaction.
• Following this transaction, Mr. Galloway beneficially owns 98,107.362 shares of LKQ common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative process for executive equity compensation rather than an indicator of company performance or strategic shift.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as tax withholdings upon RSU vesting, are common across all industries for executives receiving equity compensation and typically do not reflect changes in company strategy or performance.

Related Party Transactions

• This transaction involves the company (issuer) withholding shares from an executive (related party) to cover tax liabilities arising from equity compensation. It is a standard, non-discretionary event.

Stakeholder Impact

• Minimal impact on shareholders as it is a routine, non-discretionary transaction related to executive compensation and does not signal a change in company fundamentals or strategy.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

LKQ Corporation, LKQ, Form 4, Insider transaction, Restricted Stock Units, RSU vesting, Tax withholding, SVP and CFO, Rick Galloway