Tax withholding reduces LKQ Corp (LKQ) insider reported shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LKQ Corp senior vice president and general counsel Matthew J. McKay reported a Form 4 transaction reflecting a tax-related share withholding, not an open-market trade. On the transaction date, 3,099.2100 shares of common stock at $32.5000 per share were withheld by the issuer to cover taxes due upon the vesting of restricted stock units. Following this tax-withholding disposition, McKay’s directly held common stock position was 130,376.7850 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKay Matthew J
Role
SVP - General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,099.21 | $32.50 | $101K |
Holdings After Transaction:
Common Stock — 130,376.785 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did LKQ (LKQ) report for Matthew J. McKay?
LKQ reported that Matthew J. McKay had 3,099.2100 shares of common stock withheld to satisfy tax obligations on vested restricted stock units. This Form 4 event is a tax-withholding disposition, not an open-market purchase or sale of LKQ shares.
What does transaction code F mean in the LKQ (LKQ) Form 4 filing?
Transaction code F indicates a tax-withholding disposition, where shares are delivered or withheld to pay an exercise price or tax liability. In this case, LKQ withheld shares to cover taxes on vested restricted stock units held by Matthew J. McKay.