Form 4: LKQ Corp Executive Matthew J. McKay Reports Share Disposal for Tax Obligations

Matthew J. McKay, SVP and General Counsel of LKQ Corporation, reported disposing of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On March 1, 2024, Matthew J. McKay, SVP and General Counsel of LKQ Corporation, disposed of 2,023 shares of common stock.
• The shares were withheld by the issuer to cover tax obligations related to the vesting of restricted stock units.
• The transaction price was $51.986 per share.
• Following the transaction, McKay directly owns 92,170 shares of LKQ Corp.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine transaction related to tax obligations.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to dispose of shares to cover tax liabilities arising from the vesting of stock options or restricted stock units. It does not necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates