Galloway Rick 4
Research Summary
AI-generated summary
LKQ CFO Rick Galloway Receives RSU Award; Shares Withheld
What Happened
Rick Galloway, Senior Vice President and Chief Financial Officer of LKQ Corp (LKQ), was awarded 29,258 restricted stock units (RSUs) on 2026-02-20 at an attributed value of $33.33 per share (total ≈ $975,023). To satisfy tax withholding on RSU vesting, 1,575.08 shares were withheld/disposed on 2026-02-19 at $33.09 per share (≈ $52,119). The RSU award is an employer grant (code A) and the withheld shares reflect tax withholding (code F).
Key Details
- Transaction dates: 2026-02-19 (shares withheld for taxes) and 2026-02-20 (RSU award). Form 4 filed 2026-02-23.
- Prices and values: 1,575.08 shares withheld @ $33.09 = ~$52,119; 29,258 RSUs awarded @ $33.33 = ~$975,023.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — shares withheld by issuer to pay tax withholding on vesting; F2 — award of restricted stock units.
- Filing timeliness: Form filed Feb 23, 2026; no late-filing indicator provided in the supplied data.
Context
This was not an open-market purchase or an option exercise; it was a company grant of RSUs and an associated tax-withholding disposition. RSU awards are common executive compensation and do not necessarily signal a personal buy/sell decision. The withheld shares simply cover required taxes, reducing the number of net shares the insider received.