Form 4: LKQ Corp SVP and CFO Rick Galloway Reports Stock Transaction

Rick Galloway, SVP and CFO of LKQ Corp, reported a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.

Summary

• Rick Galloway, the Senior Vice President and Chief Financial Officer of LKQ Corporation, has reported a transaction involving company stock.
• On January 14, 2025, 987.659 shares of common stock were withheld by LKQ Corp to cover tax obligations.
• The shares were withheld at a price of $36.97 per share.
• Following this transaction, Mr. Galloway directly owns 56,190.052 shares of LKQ Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

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

Comparison to Industry Standards

• Stock transactions related to vesting of restricted stock units and tax withholding are standard practice across publicly listed companies.
• Many companies use similar mechanisms to manage executive compensation and tax obligations.
• The transaction is consistent with typical insider trading practices and reporting requirements.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for tax withholding on vested restricted stock units.

Key Dates

Keywords

LKQ Corp, stock transaction, insider trading, Form 4, Rick Galloway, tax withholding, restricted stock units