GRAY LARRY DEAN 4

What Happened

• Larry Dean Gray, Senior Vice President of Inventory Management at O'Reilly Automotive (ORLY), was granted a derivative award of 3,480 shares on March 13, 2026. The award shows a $0 acquisition price, indicating a compensation grant (options) rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (filed timely under the SEC two-business-day rule).
• Transaction type: Grant / award (code A) of derivative securities (options).
• Amount: 3,480 shares; reported acquisition price: $0.00 (no cash paid at grant).
• Vesting: Footnote notes the options vest in four equal annual installments beginning on the grant date.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No indication this was an exercise or sale—this is a compensation grant, not an immediate liquidity event.

Context

• This is a typical equity compensation award to align executive incentives; it does not represent an immediate purchase or sale by the insider. The grant will only convert to vested, exercisable securities over the stated four-year vesting schedule, and any future exercises or sales would be reported separately.