4//SEC Filing
STEARNS LEAH C 4
Accession 0001628280-23-040147
CIK 0000900075other
Filed
Nov 27, 7:00 PM ET
Accepted
Nov 28, 5:26 PM ET
Size
8.2 KB
Accession
0001628280-23-040147
Insider Transaction Report
Form 4
COPART INCCPRT
STEARNS LEAH C
Chief Financial Officer
Transactions
- Award
Stock Option
2023-11-24+75,000→ 75,000 totalExercise: $50.81→ Common Stock (75,000 underlying) - Award
Stock Option (right to buy)
2023-11-24+75,000→ 150,000 totalExercise: $50.81→ Common Stock (75,000 underlying)
Footnotes (3)
- [F1]Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary.
- [F2]The stock options have a ten-year term, and expire on November 24, 2033.
- [F3]Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary. In addition to service-based vesting, the award is also subject to a performance-based vesting condition, such that no portion of the award may be exercised unless the Copart, Inc. common stock price in trading on the Nasdaq Global Select Market is equal to or greater than $63.51 (an amount equal to 125% of the exercise price), both (i) at the time of any exercise, and (ii) at the closing price of the Copart, Inc. common stock in trading on the Nasdaq Global Select Market for each of the twenty consecutive days preceding the date of any exercise.
Documents
Issuer
COPART INC
CIK 0000900075
Entity typeother
Related Parties
1- filerCIK 0001776291
Filing Metadata
- Form type
- 4
- Filed
- Nov 27, 7:00 PM ET
- Accepted
- Nov 28, 5:26 PM ET
- Size
- 8.2 KB