Form 4: LKQ Corp Executive Michael S. Clark Reports Tax Withholding Share Transaction
SEC Form 4
Michael S. Clark, SVP at LKQ Corporation, reports a transaction involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 3, 2025, Michael S. Clark, SVP Policy & Administration at LKQ Corp, had 1,448.611 shares of common stock withheld by the issuer to cover tax obligations.
- The price per share for the transaction was $42.26.
- Following the transaction, Clark directly owns 105,123.81 shares of LKQ Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding tax withholding, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing, common for corporate executives who receive stock-based compensation. It reflects standard practice for covering tax liabilities associated with vesting equity.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Shares withheld for tax obligations. |
| 03/05/2025 | Date of signature by Attorney-in-fact. |
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