O'Reilly Auto chairman sells 15K shares

David O’Reilly, board chairman for O'Reilly Automotive Inc. (Nasdaq: ORLY), unloaded 15,000 shares Oct. 28.

At $172.38 per share, that equates to about $2.6 million, according to a U.S. Securities and Exchange Commission filing.

After the sale, O’Reilly directly owns 291,931 shares of the company’s stock.

The chairman also purchased 15,000 shares of nonqualified employee stock options at $24.84 apiece, representing an investment of $372,600, according to the filing.

The same day as O’Reilly’s move, an independent director of the O’Reilly Automotive board also sold off shares.

Ronald Rashkow sold 5,000 shares at $172.10 apiece, or about $860,485. He also purchased 5,000 shares of nonqualified employee stock options at $37.50 apiece, or $187,500, according to a separate SEC filing.

Rashkow continues to hold 4,463 shares of O’Reilly stock.

ORLY shares were trading at $176.16 as of 10:16 a.m., just below the 52-week high of $177.[[In-content Ad]]