O'Reilly Automotive (ORLY) SVP Larry Gray receives 3,480 stock options grant

Rhea-AI Filing Summary

O'Reilly Automotive senior vice president Larry Dean Gray received a grant of 3,480 nonqualified stock options on March 13, 2026. The options carry an exercise price of $91.54 per share and vest in four equal annual installments beginning on the grant date.

After this award, he holds 4,847 shares of O'Reilly Automotive common stock directly, and 11,283 shares indirectly through the company's 401(k) plan. This filing reflects a compensation-related equity grant rather than an open-market purchase or sale.

Insights

Equity compensation analyst

Routine stock option grant to senior executive, no open-market trading.

Larry Dean Gray, SVP of Inventory Management at O'Reilly Automotive, received 3,480 nonqualified stock options at an exercise price of $91.54 per share. The options vest in four equal annual installments, indicating a standard multi-year retention incentive structure.

The filing shows no open-market buys or sells; the single actionable event is a grant/award acquisition. Gray now reports 4,847 common shares held directly and 11,283 shares held indirectly in the company’s 401(k) plan, with no remaining derivative positions disclosed in this document.

This type of equity award is typical for senior executives and primarily aligns long-term incentives with shareholder value. Future filings may show option exercises once vesting dates are reached, but this report itself does not signal a change in trading behavior or outlook.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GRAY LARRY DEAN

(Last) (First) (Middle)

233 S. PATTERSON AVE

(Street)

SPRINGFIELD MO 65802

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
O REILLY AUTOMOTIVE INC [ ORLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP OF INVENTORY MANAGEMENT

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock								4,847	D
Common stock								11,283	I	Indirectly in the Company's 401k plan.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nonqualified employee stock options (right to buy)	$91.54	03/13/2026		A		3,480		03/13/2027(1)	03/13/2036	Common stock	3,480	$0	3,480	D

Explanation of Responses:

1. The options vest in four equal annual installments beginning on this date.

	/s/ Larry Gray	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did O REILLY AUTOMOTIVE INC executive Larry Dean Gray receive in this Form 4?

Larry Dean Gray received a grant of 3,480 nonqualified employee stock options with an exercise price of $91.54 per share. These options represent equity-based compensation rather than an open-market transaction and give him the right to buy O’Reilly Automotive common stock in the future.

How do Larry Dean Gray’s new O REILLY AUTOMOTIVE INC options vest?

The 3,480 stock options granted to Larry Dean Gray vest in four equal annual installments beginning on the grant date. This means one-quarter of the options become exercisable each year, creating a multi-year retention and performance incentive tied to O’Reilly Automotive’s long-term results.

Did Larry Dean Gray buy or sell O REILLY AUTOMOTIVE INC shares on the market?

No open-market purchases or sales are reported in this filing. The only reported transaction is a grant of nonqualified stock options as compensation. The remaining entries simply update his direct and indirect common stock holdings, including shares in the company’s 401(k) plan.

What are Larry Dean Gray’s reported O REILLY AUTOMOTIVE INC share holdings after this filing?

After this filing, Larry Dean Gray reports owning 4,847 O’Reilly Automotive common shares directly. He also reports 11,283 common shares held indirectly through the company’s 401(k) plan. These positions are separate from the 3,480 stock options granted on March 13, 2026.

What type of security was granted to Larry Dean Gray by O REILLY AUTOMOTIVE INC?

He was granted nonqualified employee stock options, which provide the right to buy 3,480 shares of O’Reilly Automotive common stock at $91.54 per share. Nonqualified options are a common executive compensation tool, aligning pay with future stock performance over the vesting period.

Does this O REILLY AUTOMOTIVE INC Form 4 indicate remaining option positions for Larry Dean Gray?

The derivative section of the filing shows the new grant of 3,480 stock options but no additional remaining derivative positions. His reported equity exposure now consists of these newly granted options plus his direct and 401(k) common stock holdings reported in the same document.