Form 4: LKQ Corp Director Berard Receives Stock Award, Disposes of Shares for Tax Obligations

Director Patrick Berard received 4,176 shares of LKQ Corp stock as a restricted stock unit award and disposed of 1,112.7 shares to cover tax withholding.

Summary

• On May 7, 2025, Patrick Berard, a director of LKQ Corp, acquired 4,176 shares of common stock through a restricted stock unit award.
• On the same day, Berard disposed of 1,112.7 shares of common stock at a price of $39.52 to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Berard beneficially owns 19,630.3 shares of LKQ Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The stock award is a positive sign, but the sale of shares for tax obligations is a routine event.

Positives

• The acquisition of restricted stock units indicates confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax obligations could be perceived negatively, although it's a common practice.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future actions by key personnel.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation practices.

Key Dates

Keywords

LKQ Corp, Director, Stock Award, Restricted Stock Units, Beneficial Ownership, Form 4, Tax Withholding