O'Reilly (ORLY) SVP Christopher Mancini Exercises Options and Sells Shares

What Happened

• Christopher Andrew Mancini, Senior Vice President of Professional Sales & Store Operations at O'Reilly Automotive (ORLY), exercised stock options and sold shares on 2026-08-12. He exercised 3,000 options at a $16.71 per-share exercise price (cost $50,130) and sold 3,000 shares in the open market at $93.00 per share for $279,000. The filing also records a separate conversion/disposition of 3,000 derivative units at $0.00 (the filing does not explain the $0.00 entry).

Key Details

• Transaction date: 2026-08-12; Form filed: 2026-08-14 (appears timely).
• Exercises: 3,000 shares exercised at $16.71 (total $50,130) and a separate 3,000-share derivative conversion recorded at $0.00.
• Sale: 3,000 shares sold open market at $93.00 per share for proceeds of $279,000.
• Shares owned after the transaction: Not specified in the provided excerpt.
• Footnote: Options vest in four equal annual installments beginning on this date (per filing).
• No 10b5-1 plan, tax‑withholding specifics, or late‑filing flag is indicated in the provided data.

Context

• This appears to be an exercise of vested options with an immediate sale of shares (a common, routine practice to realize gains or cover exercise costs). The separate $0.00 disposition of 3,000 derivative units is recorded but not explained in the filing — such entries can reflect internal conversions or withholding arrangements, though the filing itself does not state the reason. As always, insider sales do not alone indicate company-wide outlook; they record an executive monetizing vested equity.