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

LKQ Corporation's VP of Finance and Controller, Todd G. Cunningham, sold 914.629 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Todd G. Cunningham, VP of Finance and Controller at LKQ Corporation, sold 914.629 shares of common stock on January 14, 2025.
• The sale was executed at a price of $36.97 per share.
• This transaction was to cover tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Mr. Cunningham directly owns 14,832.371 shares of LKQ Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 914.629 shares is not unusual for an executive at this level.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

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

Key Dates

Keywords

LKQ Corp, insider trading, stock sale, Form 4, Todd G. Cunningham, restricted stock units, tax withholding