Form 4: LKQ Corp Executive Walter P. Hanley Reports Stock Transaction
SEC Form 4 Filing
Walter P. Hanley, Senior VP of Development at LKQ Corp, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 3, 2024, Walter P. Hanley, Senior VP of Development at LKQ Corp, reported a transaction involving common stock.
- The transaction involved the disposition of 2,065.425 shares of common stock at a price of $41.35 per share to cover tax withholding requirements upon the vesting of restricted stock units.
- Following the transaction, Hanley directly owns 94,245.174 shares of LKQ Corp common stock.
- Hanley also indirectly owns 113,851 shares through a personal trust and 113,850 shares through his wife's trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to tax obligations.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who have stock-based compensation. It provides transparency into insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock transaction |
| 09/05/2023 | Date of signature |
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