LKQ (LKQ) executive has shares withheld to cover RSU tax bill
Rhea-AI Filing Summary
LKQ CORP executive John R. Meyne, President of Wholesale - NA, reported a Form 4 showing a tax-related share disposition. On the vesting of restricted stock units, 2,484.5600 shares of common stock were withheld by the company at $32.50 per share to cover required tax withholding, leaving him with 64,076.1190 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,484.56 shares
Net Sell
1 txn
Insider
Meyne John R
Role
President of Wholesale - NA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,484.56 | $32.50 | $81K |
Holdings After Transaction:
Common Stock — 64,076.119 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.
FAQ
What insider transaction did LKQ (LKQ) report for John R. Meyne?
LKQ reported that executive John R. Meyne had 2,484.5600 common shares withheld to cover taxes on vesting restricted stock units. The transaction used code F, indicating payment of tax liability by delivering securities to the issuer.
Was the LKQ (LKQ) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by LKQ to satisfy required tax withholding upon the vesting of restricted stock units, according to the footnote disclosure.
What does transaction code F mean in the LKQ (LKQ) Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this LKQ filing, it reflects shares withheld by the issuer to cover tax withholding upon the vesting of restricted stock units for John R. Meyne.
What role does John R. Meyne hold at LKQ (LKQ) in this Form 4?
John R. Meyne is identified as an officer of LKQ, serving as President of Wholesale - NA. The reported Form 4 transaction relates to his equity compensation, specifically restricted stock units that vested and triggered tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.