4/A: O'Reilly Automotive Executive Corrects Share Transaction Details in Amended SEC Filing

David O'Reilly, Executive Chairman of O'Reilly Automotive, amended a previous SEC filing to correct details regarding a share sale and his beneficial ownership.

Summary

• David O'Reilly, the Executive Chairman of O'Reilly Automotive, filed an amended Form 4 with the SEC to correct a previous filing from November 13, 2024.
• The amendment clarifies the ownership type, number of shares transacted, and total number of beneficially owned shares.
• The original filing incorrectly reported a sale of directly held shares, while the amended filing reflects the sale of 746 shares held as trustee for Mr. O'Reilly's children.
• Mr. O'Reilly's total beneficial ownership includes 176,035 shares held as trustee for his children, 11,583 shares held through his spouse, and 17 shares held in the company's 401k plan.
• Additionally, Mr. O'Reilly directly holds 37,869 shares and 517 unvested restricted share awards.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating a commitment to accuracy. There is no indication of positive or negative sentiment, but the correction is a positive sign of transparency.

Industry Context

This filing is a routine disclosure of share transactions by a company executive, which is common in the public markets. It does not indicate any specific trend or event in the automotive retail industry.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies.
• The level of detail provided in this filing is consistent with what is expected for such disclosures.
• The correction of the initial filing is not unusual and demonstrates the company's commitment to accurate reporting.

Stakeholder Impact

• The correction of the filing ensures transparency for shareholders regarding executive share transactions.
• The filing does not indicate any significant impact on other stakeholders.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, Share Transaction, O'Reilly Automotive, David O'Reilly, Executive Chairman, Stock Sale