Form 4: LKQ Corp Executive Walter P. Hanley Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Walter P. Hanley, SVP Business Development at LKQ Corp, disposed of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 3, 2025, Walter P. Hanley, SVP Business Development at LKQ Corp, disposed of 3,150.176 shares of common stock at a price of $42.26.
- The transaction was to cover tax withholding requirements upon the vesting of restricted stock units.
- Following the transaction, Hanley directly owns 108,474.344 shares of common stock.
- Hanley also indirectly owns 113,851 shares through a reporting person's trust and 113,850 shares through his wife's trust.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, reflecting the disposal of shares by a company executive to cover tax obligations. Such transactions are common and do not necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Disposal of shares to cover tax withholding. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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