LKQ Insider Report: 1,748.72 Shares Withheld for Taxes at $32.24
Rhea-AI Filing Summary
Matthew J. McKay, SVP and General Counsel of LKQ Corporation, reported a non-derivative disposition of 1,748.72 common shares on 09/02/2025. The report states these shares were withheld by the issuer to satisfy tax withholding upon vesting of restricted stock units. After the withholding, Mr. McKay beneficially owned 109,461.645 shares. The disposition price per share was $32.24. The filing is a routine insider reporting of RSU vesting and tax-withholding rather than an open-market sale.
Positive
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Negative
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Insights
TL;DR: Routine RSU vesting with shares withheld for taxes; not a directional open-market sale.
This Form 4 documents the withholding of shares to cover tax obligations on RSU vesting rather than an active disposition to raise cash. The number withheld (1,748.72) is modest relative to the remaining beneficial ownership (109,461.645), suggesting this event is administrative and does not materially change insider stake or signal a change in ownership control.
TL;DR: Compliance-focused disclosure showing tax withholding on equity compensation; standard corporate practice.
The filing appropriately reports the withholding transaction and lists the reporter's role as SVP-General Counsel. The explanation explicitly states the shares were withheld to pay required taxes upon RSU vesting, meeting Section 16 reporting obligations. There is no indication of extraordinary governance events or material transfers.
FAQ
What transaction did LKQ insider Matthew J. McKay report on Form 4?
Why were 1,748.72 LKQ shares disposed according to the filing?
What was Matthew J. McKay's beneficial ownership after the reported transaction?
At what price were the withheld LKQ shares recorded?
What is Matthew J. McKay's role at LKQ as stated on the Form 4?