CarMax (NYSE: KMX) director Folliard vests RSUs and uses shares to pay taxes
Rhea-AI Filing Summary
CarMax director Thomas J. Folliard reported routine equity compensation transactions involving restricted stock units and related tax withholding. On June 23, 2026, 14,855 restricted stock units converted into the same number of CarMax common shares, reflecting the vesting of part of a prior RSU grant tied to his service as Interim Executive Chair.
To cover tax obligations, 3,618 of these shares were delivered back at an effective price of $51.91 per share, a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly held 224,058 common shares. All 14,855 RSUs from this vested tranche were converted, and the remaining 10,610 RSUs from the original 25,465-unit grant were forfeited in line with the award terms.
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Insider Trade Summary
Net Buyer: 11,237 shares
Net Buy
3 txns
Insider
FOLLIARD THOMAS J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,855 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,855 | $51.91 | $771K |
| Exercise Price or Tax Liability | Common Stock | 3,618 | $51.91 | $188K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 224,058 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Common Stock.
- F2. On December 26, 2025, the Reporting Person was granted 25,465 RSUs, of which 14,855 vested on June 23, 2026, the date on which he ceased serving as the Company's Interim Executive Chair of the Board of Directors. In accordance with the terms of the applicable award agreement, the remaining 10,610 RSUs were forfeited.
Key Figures
RSUs converted: 14,855 shares
Shares for tax withholding: 3,618 shares
Effective share price: $51.91 per share
+3 more
6 metrics
RSUs converted
14,855 shares
Restricted stock units converting into common stock on June 23, 2026
Shares for tax withholding
3,618 shares
Shares delivered to satisfy tax obligations at $51.91 per share
Effective share price
$51.91 per share
Value used for tax-withholding disposition of 3,618 shares
Shares held after transactions
224,058 shares
Direct CarMax common stock holdings following RSU conversion and tax withholding
Original RSU grant
25,465 RSUs
Grant made on December 26, 2025 to Thomas J. Folliard
Forfeited RSUs
10,610 RSUs
Unvested portion forfeited when Interim Executive Chair role ended
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, total shares following transaction
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition to satisfy tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion of restricted stock units into common stock"
FAQ
What insider transactions did CarMax (KMX) director Thomas J. Folliard report?
Thomas J. Folliard reported RSU vesting and related tax withholding, not open-market trades. 14,855 restricted stock units converted into common shares, and 3,618 shares were delivered to cover tax obligations at $51.91 per share.
What happened to the remaining RSUs in Thomas J. Folliard’s CarMax (KMX) grant?
Of the 25,465 RSUs granted on December 26, 2025, 14,855 vested and converted into shares. The remaining 10,610 RSUs were forfeited in accordance with the applicable award agreement when his Interim Executive Chair service ended.
AI-generated analysis. How Rhea-AI works. Not financial advice.
