Form 4: O'Reilly Automotive Director Gregory D. Johnson Reports Stock Transactions
SEC Form 4
Director Gregory D. Johnson reports exercising stock options and selling shares of O'Reilly Automotive stock on July 31, 2024.
Summary
- Gregory D. Johnson, a director at O'Reilly Automotive, reported transactions involving the company's common stock on July 31, 2024.
- Johnson exercised nonqualified employee stock options to acquire 9,031 shares at $451.84 and 6,333 shares at $660.48.
- He then sold 15,364 shares at $1,136.1574 per share.
- Following these transactions, Johnson directly owns 5,016 shares and indirectly owns 980 shares through the company's 401k plan.
- The total direct holdings include 173 unvested restricted share awards and 4,843 shares held directly by Mr. Johnson.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into the actions of a key executive at O'Reilly Automotive. Monitoring such filings can provide investors with a sense of management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Comparing the director's transactions to those of insiders at competitors like AutoZone (AZO) and Advance Auto Parts (AAP) could provide a broader context.
- Analyzing the timing and volume of insider trades relative to company performance and industry trends is a common practice.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation packages in the automotive retail industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholder sentiment, depending on how the market interprets the insider's actions.
- The filing itself has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/04/2022 | Start date for vesting of options acquired at $451.84, vesting in four equal annual installments until retirement. |
| 02/03/2023 | Start date for vesting of options acquired at $660.48, vesting in four equal annual installments until retirement. |
| 01/31/2024 | Mr. Johnson's retirement date, when all remaining unvested options vested. |
| 07/31/2024 | Date of stock option exercise and sale transactions. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
| 02/04/2031 | Expiration date for options acquired at $451.84. |
| 02/03/2032 | Expiration date for options acquired at $660.48. |
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