LKQ Insider Filing: 912 Shares Withheld for RSU Taxes at $32.24
Rhea-AI Filing Summary
Genevieve L. Dombrowski, SVP - Human Resources at LKQ Corporation, reported a routine insider transaction related to restricted stock unit vesting. The Form 4 shows 912.134 shares were withheld by the issuer to satisfy tax withholding obligations at an indicated price of $32.24 per share. After this withholding, Dombrowski beneficially owns 34,501.256 shares of LKQ common stock in a direct ownership form. The filing states the withholding was to pay taxes on vested restricted stock units, a common administrative step following equity vesting.
Positive
- Transaction is routine and administrative: shares were withheld to cover tax on vested RSUs rather than sold on market
- Disclosure compliance: Reporting of the withholding and resulting beneficial ownership maintains Section 16 transparency
Negative
- None.
Insights
TL;DR: Routine tax-withholding on vested RSUs; small share reduction, no change to overall ownership control.
The reported disposal of 912.134 shares reflects shares withheld to cover tax obligations on vested restricted stock units, not an open-market sale. At $32.24 per share, the withholding reduces the reporting person’s direct share count to 34,501.256. This is an administrative equity-management action with limited informational content about company fundamentals or insider sentiment; it does not indicate a deliberate liquidity event or change in strategic ownership.
TL;DR: Standard compliance disclosure for Section 16; no governance concerns apparent from the transaction.
The Form 4 documents a common compliance step: issuer withholding shares to satisfy tax-withholding on RSU vesting. The transaction is coded as F(1) and described explicitly as tax withholding. There is no indication of accelerated sales, pledge, or transfer to affiliates, and ownership remains direct. From a governance perspective this is routine and informational for shareholders monitoring insider holdings.