Form 4: LKQ Corp SVP and CFO Rick Galloway Reports Stock Disposal for Tax Obligations

Rick Galloway, SVP and CFO of LKQ Corporation, disposed of 950 shares of common stock on March 1, 2024, to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• On March 1, 2024, Rick Galloway, the SVP and CFO of LKQ Corporation, reported a transaction involving the disposal of 950 shares of LKQ's common stock.
• The shares were disposed of to cover tax withholding requirements associated with the vesting of restricted stock units.
• The transaction was executed at a price of $51.986 per share.
• Following the transaction, Galloway directly owns 57,082 shares of LKQ common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a standard transaction for tax purposes. There is no indication of positive or negative implications for the company's performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine event related to executive compensation.

Key Dates