Form 4: LKQ Corp Executive Matthew J. McKay Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Matthew J. McKay, SVP General Counsel of LKQ Corporation, reports the disposal of 2,365.33 shares of common stock to cover tax withholding obligations upon vesting of restricted stock units.
Summary
- On March 3, 2025, Matthew J. McKay, SVP General Counsel of LKQ Corporation, disposed of 2,365.33 shares of common stock.
- The shares were disposed of to cover tax withholding requirements related to the vesting of restricted stock units.
- The transaction was executed at a price of $42.26 per share.
- Following the transaction, McKay directly owns 111,210.365 shares of LKQ Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock-based compensation. It reflects standard practice for covering tax obligations associated with vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the transaction (disposal of shares). |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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