Form 4: LKQ Corp Executive Michael S. Clark Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael S. Clark, SVP Policy & Administration at LKQ Corp, disposed of 941.031 shares of common stock on September 3, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Michael S. Clark, SVP Policy & Administration at LKQ Corp, reported a transaction involving the disposal of 941.031 shares of common stock.
- The shares were disposed of at a price of $41.35 per share.
- This transaction was executed to cover the tax withholding amount required upon the vesting of restricted stock units.
- Following the transaction, Clark beneficially owns 99,560.969 shares of LKQ Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction related to tax obligations on vested equity. These filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock disposal transaction. |
| 09/05/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.