LKQ VP Todd Cunningham — Shares Withheld to Cover Taxes

What Happened

• Todd G. Cunningham, Vice President, Finance and Controller of LKQ Corp (LKQ), had 443.444 shares withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was at $25.19 per share, totaling $11,170. This was not an open‑market sale but a routine tax withholding upon award vesting.

Key Details

• Transaction date: 2026-07-14
• Withheld shares: 443.444 at $25.19 per share — total value $11,170 (reported as a disposition for tax withholding)
• Footnote: Shares were withheld by the issuer to pay tax withholding required upon RSU vesting (standard practice).
• Filing date: 2026-07-15 (filed promptly; not indicated as late)
• Shares owned after transaction: Not disclosed in this Form 4 filing

Context

• This type of transaction is a cashless settlement for tax purposes (issuer withholds shares) and is routine when restricted stock units vest. It does not reflect an open‑market sale or a purchase decision by the insider and therefore provides limited information about the insider’s view of the company’s stock.