Form 4: LKQ Corp Executive Michael S. Clark Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael S. Clark, VP of Finance and Controller at LKQ Corp, disposed of 1,619 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 1, 2024, Michael S. Clark, VP of Finance and Controller at LKQ Corp, reported a transaction involving the disposal of company stock.
- The transaction involved 1,619 shares of common stock.
- The shares were disposed of to cover tax withholding requirements upon the vesting of restricted stock units.
- The price per share was $51.986.
- Following the transaction, Clark directly owns 100,502 shares of LKQ Corp.
- The transaction was executed on March 1, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction for covering tax obligations related to stock compensation.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the stock disposal transaction and report 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.