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

Rick Galloway, SVP and CFO of LKQ Corporation, reports acquisition and disposal of common stock and an award of restricted stock units.

Summary

• Rick Galloway, SVP and CFO of LKQ Corporation, reported transactions involving LKQ Corp common stock.
• On February 20, 2025, Galloway acquired 1,235.376 shares of common stock upon vesting of performance-based restricted stock units.
• Also on February 20, 2025, 1,700.497 shares were disposed of at $41.59 to cover tax withholding upon vesting of restricted stock units.
• On February 21, 2025, Galloway was awarded 23,625 restricted stock units.
• Following these transactions, Galloway beneficially owns 79,349.931 shares of LKQ Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are routine and related to executive compensation. The vesting of performance-based units is mildly positive, while the tax withholding is a standard occurrence.

Positives

• The vesting of performance-based restricted stock units suggests that performance targets were met.
• The award of 23,625 restricted stock units indicates continued confidence in the company's future performance.

Negatives

• The disposal of 1,700.497 shares to cover tax withholding, while standard, reduces Galloway's overall holdings.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

LKQ Corp, Rick Galloway, stock transactions, restricted stock units, Form 4, beneficial ownership, insider trading