Form 4: LKQ Corp Executive Sells Shares to Cover Tax Obligations

John R. Meyne, President of Wholesale NA at LKQ Corp, sold 846.955 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• John R. Meyne, President of Wholesale NA at LKQ Corp, executed a transaction involving the company's common stock on January 14, 2025.
• The transaction involved the sale of 846.955 shares of common stock at a price of $36.97 per share.
• This sale was conducted to cover tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Mr. Meyne directly owns 26,442.315 shares of LKQ Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• The number of shares sold and the price are specific to the individual's compensation package and the company's stock performance.
• Similar transactions are regularly reported by executives at companies like AutoZone, Advance Auto Parts, and Genuine Parts Company.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

LKQ Corp, insider trading, stock sale, executive compensation, restricted stock units, tax withholding, John R. Meyne