MONTELLANO NAJERA JOSE A 4
Research Summary
AI-generated summary
O'Reilly Automotive (ORLY) SVP Jose Montellano Receives Award
What Happened
- Jose A. Montellano Najera, Senior Vice President of Western Store Operations/Sales at O'Reilly Automotive (ORLY), was granted 6,720 derivative securities on March 13, 2026. The reported acquisition price is $0.00, giving a reported total value of $0 on the Form 4 filing. This was an award/grant (derivative), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed within the required two business days).
- Amount granted: 6,720 derivative shares; Price reported: $0.00; Reported total value: $0.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: The options vest in four equal annual installments beginning on the grant date (per footnote F1).
- No 10b5-1 plan, tax-withholding sale, or late filing is indicated in the provided details.
Context
- This is a compensation-related derivative award (the filing notes these are options that vest over time). Such grants typically vest over multiple years and do not represent immediate cash proceeds or open-market activity. Awards of this kind are common for executive compensation and should be viewed as part of pay arrangements rather than a direct bullish or bearish trading signal.