LKQ officer has 2,409 shares withheld for taxes
LKQ’s SVP – General Counsel had shares withheld to cover RSU tax, remaining a sizable direct holder.
Rhea-AI Filing Summary
LKQ CORP (LKQ) reported that officer Matthew J. McKay, SVP – General Counsel, had 2,408.62 shares of common stock withheld on September 1, 2026 to pay tax withholding due upon vesting of restricted stock units. This was not an open-market sale. After this tax-withholding disposition, he holds 127,968.165 shares of LKQ common stock directly. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 2,408.62 shares
Tax Withholding
1 txn
Insider
McKay Matthew J
Role
SVP - General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,408.62 | $24.80 | $60K |
Holdings After Transaction:
Common Stock — 127,968.165 shares (Direct)
Footnotes (1)
- F1. This transaction represents shares withheld by the issuer to pay the tax withholding amount required upon the vesting of restricted stock units.
Key Figures
Shares withheld for tax: 2,408.62 shares
Withholding valuation price: $24.80 per share
Shares owned after transaction: 127,968.165 shares
+1 more
4 metrics
Shares withheld for tax
2,408.62 shares
Common stock withheld on September 1, 2026 to pay RSU tax withholding
Withholding valuation price
$24.80 per share
Value per share used for the September 1, 2026 tax-withholding disposition
Shares owned after transaction
127,968.165 shares
Direct LKQ common stock holdings of Matthew J. McKay following the transaction
Exercise price or tax-liability shares
2,408.62 shares
Total shares reported under code F for payment of tax liability
Key Terms
restricted stock units, tax withholding, Rule 10b5-1
3 terms
restricted stock units financial
"upon the vesting of restricted stock units"
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 financial
"to pay the tax withholding amount required upon the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did LKQ (LKQ) disclose for Matthew J. McKay?
LKQ disclosed that Matthew J. McKay, SVP – General Counsel, had 2,408.62 shares of common stock withheld on September 1, 2026 to cover tax withholding due upon the vesting of restricted stock units.
Was the September 1, 2026 LKQ (LKQ) insider transaction an open-market sale?
No. The Form 4 states the transaction was shares withheld by the issuer to pay required tax withholding upon RSU vesting, not an open-market sale of LKQ common stock.
Was the LKQ (LKQ) insider transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and no footnote indicates a trading plan, so no Rule 10b5-1 plan is reported for this transaction.
What is the nature of the security involved in the LKQ (LKQ) Form 4 filing?
The Form 4 reports a disposition of LKQ Common Stock, related to tax withholding on the vesting of restricted stock units held by officer Matthew J. McKay.
AI-generated analysis. How Rhea-AI works. Not financial advice.