LKQ (LKQ) VP Finance reports 5,252-share award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LKQ CORP executive Todd G. Cunningham, VP, Finance and Controller, reported mixed equity activity in company stock. He received an award of 5,252 shares of common stock as restricted stock units at a reference price of $33.325 per share. A separate transaction covered taxes on vesting of earlier awards, with 350.67 shares withheld by the company at $33.09 per share rather than being sold on the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cunningham Todd G
Role
VP, Finance and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,252 | $33.325 | $175K |
| Tax Withholding | Common Stock | 350.67 | $33.09 | $12K |
Holdings After Transaction:
Common Stock — 22,668.989 shares (Direct)
Footnotes (1)
- This transaction represents shares withheld by the issuer to pay the tax withholding amount required upon the vesting of restricted stock units. This transaction represents an award of restricted stock units.
FAQ
What insider transactions did LKQ (LKQ) executive Todd G. Cunningham report?
Todd G. Cunningham reported one stock award and one tax-related share withholding. He received 5,252 restricted stock units and had 350.67 shares withheld by LKQ CORP to cover tax obligations tied to vesting, according to the Form 4 disclosure.
Was the LKQ (LKQ) Form 4 transaction a market sale or purchase?
The Form 4 does not show open-market buying or selling. It records a grant of 5,252 restricted stock units and a tax-withholding disposition of 350.67 shares withheld by the issuer, rather than shares being sold in the open market.
What does the tax-withholding transaction on LKQ (LKQ) Form 4 represent?
The tax-withholding transaction reflects 350.67 shares withheld by LKQ CORP to satisfy required tax obligations when restricted stock units vested. This is coded as a disposition but functions as a withholding mechanism, not a discretionary sale into the market.
What role does Todd G. Cunningham hold at LKQ (LKQ)?
Todd G. Cunningham is identified as Vice President, Finance and Controller at LKQ CORP. His Form 4 filing reports equity compensation activity and tax-related share withholding tied to restricted stock units in the company’s common stock.