Summary
O'Reilly Automotive, Inc. (ORLY) has filed an 8-K report detailing a new stock trading plan established by its Chief Executive Officer, Greg Johnson, under Rule 10b5-1. This plan allows for the sale of up to 32,291 shares of common stock at specified market prices. The sales are anticipated to commence around March 4, 2024, and conclude by December 31, 2024. The primary purpose of this plan is to facilitate the exercise and subsequent sale of stock options held by Mr. Johnson, which are set to expire in February 2028. The plan was established during an open trading window and when Mr. Johnson was not privy to any material non-public information, adhering to regulatory requirements. Investors should note that Mr. Johnson intends to publicly disclose all option exercises and stock sales made under this plan, as mandated by federal securities laws.
Key Highlights
- 1CEO Greg Johnson has established a Rule 10b5-1 trading plan for the sale of up to 32,291 ORLY shares.
- 2The plan is designed to facilitate the exercise and sale of stock options expiring in February 2028.
- 3Sales are planned to occur between approximately March 4, 2024, and December 31, 2024.
- 4The plan was established during an unrestricted trading window and without possession of material non-public information.
- 5Mr. Johnson will publicly disclose all option exercises and stock sales under this plan.
- 6The filing is an 8-K under 'Other Events' (Item 8.01).