Daniels Jon G 4
4 · CARMAX INC · Filed May 3, 2024
Insider Transaction Report
Form 4
CARMAX INCKMX
Daniels Jon G
SVP, CAF
Transactions
- Award
Stock Options (Right to Buy)
2024-05-01+23,132→ 23,132 totalExercise: $67.21Exp: 2031-05-01→ Common Stock (23,132 underlying)
Footnotes (2)
- [F1]The stock options were granted in tandem with stock appreciation rights (SARS). Accordingly, the exercise of one results in the surrender to the Company of the other. The SARS become exercisable only following a change in control of the Company as set forth in the Company's 2002 Stock Incentive Plan, as amended and restated. Once exercisable, the SARS would entitle the Reporting Person to receive the cash value of the options in lieu of exercising the options.
- [F2]The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2025, May 1, 2026, May 1, 2027 and May 1, 2028.