Form 4: LKQ CFO's Stock Holdings Adjust for Tax Withholding

LKQ Corporation's SVP and CFO, Rick Galloway, saw a reduction in his direct common stock holdings due to shares withheld for tax obligations upon restricted stock unit vesting.

Summary

• Rick Galloway, SVP and CFO of LKQ Corporation, reported a transaction involving the company's common stock.
• The transaction occurred on January 14, 2026, and involved the disposition of shares.
• A total of 663.95 shares of Common Stock were withheld by the issuer.
• The purpose of the share withholding was to cover the tax amount required upon the vesting of restricted stock units.
• The price per share for the disposed securities was $33.41.
• Following this transaction, Rick Galloway beneficially owns 73,936.042 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine administrative transaction related to executive compensation (tax withholding upon RSU vesting), which is a neutral event for the company's operational or financial outlook.

Positives

• The underlying event of restricted stock unit vesting represents earned compensation for the executive, indicating the fulfillment of performance or tenure conditions.

Negatives

• A reduction of 663.95 shares from the executive's direct beneficial ownership, although for tax purposes, decreases the total number of shares held.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it pertains to a past or scheduled executive compensation transaction.

Industry Context

This type of transaction, involving the withholding of shares for tax obligations upon the vesting of restricted stock units, is a standard and common practice in executive compensation across various industries. It reflects the routine administration of equity incentive plans.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine administrative transaction related to executive compensation and does not reflect discretionary trading or a change in management's confidence.

Key Dates

Recommendation

This Form 4 reports a routine tax withholding event related to the vesting of restricted stock units for a senior executive. It does not indicate any discretionary buying or selling activity that would suggest a change in management's confidence or the company's fundamental outlook. Therefore, it provides no new information to alter an existing investment thesis.

Keywords

LKQ, Form 4, insider transaction, stock disposition, CFO, tax withholding, restricted stock units, executive compensation