Two O’Reilly Automotive Inc. (Nasdaq: ORLY) executives this month sold tens of thousands of shares in the company as part of their compensation plans.
Tom McFall, chief financial officer and executive vice president, and Greg Henslee, board chair, made trades valued at $12.4 million collectively in activity conducted Nov. 9-10, according to U.S. Securities and Exchange Commission filings. Both executives utilized SEC transaction code M, through which they can buy awarded shares at set rates and sell them later at market prices.
McFall led the trading, selling more than 16,000 shares for roughly $8.2 million, according to an SEC filing.
Henslee on Nov. 9 sold 7,500 shares for $4.1 million, according to a separate filing.
Shares of ORLY hit an all-time high of $669.09 in trading activity on Oct. 22, a week prior to the company's release of its third-quarter financial report.
For the third quarter, O'Reilly Automotive reported an 8.5% increase in revenue to $3.5 billion and 6% jump in net income to $527.3 million.
In 2020, McFall's total compensation was $5.2 million, a 121% increase, and Henslee's total compensation was unchanged at $1 million, according to past reporting.
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