Form 4: LKQ Corp Director Zarcone Sells Shares to Cover Tax Obligations

Director Dominick P. Zarcone of LKQ Corp sold shares to cover tax obligations related to vesting restricted stock units and also sold shares on the open market.

Summary

• Dominick P. Zarcone, a director of LKQ Corp, reported transactions involving the company's common stock on March 3, 2025.
• Zarcone disposed of 11,618.482 shares to cover tax withholding upon the vesting of restricted stock units at a price of $42.26 per share.
• He also sold 15,000 shares on the open market at a weighted average price of $42.3236, with individual prices ranging from $42.02 to $42.76.
• Following these transactions, Zarcone directly owns 336,135.153 shares and indirectly owns 1,600 shares through his wife.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions related to tax obligations and regular selling activity by a director.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a significant shift in the company's outlook or performance. It is common for executives to sell shares to cover tax obligations or for personal financial planning.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the director selling shares, but the impact is likely minimal given the relatively small number of shares involved compared to the company's total outstanding shares.

Key Dates