Berard Patrick 4

What Happened Patrick Berard, a director of LKQ Corp (LKQ), had 1,252.8 shares withheld by the company to satisfy tax withholding on vested restricted stock units (RSUs). The shares were recorded at $28.93 each (the average of the high and low price on the withholding date), resulting in a withholding value of $36,237. This transaction is a tax-withholding/settlement (code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-06; filing date: 2026-05-08 (Form 4).
• Withheld shares: 1,252.8 at $28.93 per share; total value ≈ $36,237.
• Transaction code: F (shares withheld to pay tax withholding upon RSU vesting).
• Footnotes: F1 — shares withheld by issuer to pay tax withholding; F2 — price is the average of the high and low trading price on the withholding date.
• Shares owned after the transaction: not specified in the provided excerpt — see the full filing for post-transaction holdings.
• Filing timeliness: filed two days after the transaction (appears timely under Form 4 rules).

Context Tax-withholding disposals are routine when RSUs vest and generally reflect settlement of tax obligations rather than a change in the insider’s market view. This was a cashless withholding by the issuer, not an open-market sale or purchase.