Form 4: LKQ Corp SVP and CFO Rick Galloway Reports Stock Transaction
SEC Form 4 Filing
Rick Galloway, SVP and CFO of LKQ Corporation, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 3, 2024, Rick Galloway, SVP and CFO of LKQ Corporation, reported a transaction.
- The transaction involved the withholding of 948.729 shares of common stock at a price of $41.35 per share.
- These shares were withheld by the issuer to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Galloway beneficially owns 57,177.711 shares of LKQ Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax withholding, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a small change in insider ownership due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the stock transaction (tax withholding) |
| 09/05/2024 | Date of signature for the Form 4 filing |
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