LKQ (LKQ) finance VP reports tax-withholding share disposition on RSU vesting
Rhea-AI Filing Summary
LKQ CORP vice president of finance and controller Todd G. Cunningham reported a tax-related share disposition linked to restricted stock units. On the vesting of these units, 350.670 shares of common stock at $32.50 per share were withheld by the company to cover required tax withholding, leaving him with 22,318.319 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 350.67 shares
Net Sell
1 txn
Insider
Cunningham Todd G
Role
VP, Finance and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 350.67 | $32.50 | $11K |
Holdings After Transaction:
Common Stock — 22,318.319 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) executive Todd G. Cunningham report?
Todd G. Cunningham reported a tax-related share disposition. LKQ CORP withheld 350.670 common shares to satisfy required tax withholding upon the vesting of his restricted stock units, rather than an open-market sale initiated by him.
Was Todd G. Cunningham’s LKQ Form 4 transaction an open-market sale?
No, it was not an open-market sale. The Form 4 describes a tax-withholding disposition, where LKQ CORP withheld 350.670 vested shares to pay required taxes, rather than Cunningham selling shares on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.