LKQ CFO Rick Galloway Withholds 2,683 Shares for Taxes

What Happened

Rick Galloway, SVP and Chief Financial Officer of LKQ Corp (LKQ), had 2,682.88 shares withheld on September 1, 2026 to satisfy tax withholding tied to the vesting of restricted stock units (RSUs). The withholding price was $24.80 per share, resulting in a tax-withholding value of $66,535. The Form 4 records this as a disposition via withholding (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-02 (timely filing).
• Price per share: $24.80.
• Shares withheld/disposed: 2,682.88 (value ≈ $66,535).
• Transaction code: F (tax withholding/cashless share surrender). Footnote F1: shares were withheld by the issuer to pay required tax withholding on RSU vesting.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

This was a routine tax-withholding event (cashless share surrender) tied to RSU vesting, not a discretionary sale on the open market. Such withholdings are common and generally not interpreted as a signal about the insider’s view of the company’s stock. The dollar amount (~$66.5k) is relatively modest.