As O’Reilly Auto stock rises, execs conduct trades

Photo courtesy O’Reilly Automotive Inc.

David O’Reilly’s stock moves this month are valued at more than $15 million.

O’Reilly Automotive Inc. (Nasdaq: ORLY) stock has set multiple 52-week highs this month, prompting company executives to set trades in motion.

The auto parts retailer’s most recent high of $334.02 was set Aug. 21. It also was an all-time high for the company, according to stock records compiled by Yahoo Finance. ORLY shares were trading this morning at $329.66, and the company’s 52-week low is $190.

Through a combination of traditional share sales and executing stock options, board Chairman David O’Reilly made $14.7 million starting on Aug. 14 and going through Aug. 22, according to O’Reilly Automotive’s most recent filings with the U.S. Securities and Exchange Commission.

Those trades followed a $776,405 transaction on Aug. 3, which was previously reported by Springfield Business Journal.

Other stock moves this month included:
    •    board member Rosalie O’Reilly Wooten, whose trades that totaled $2.2 million were made up of traditional share sales and gifts;
    •    Senior Vice President of Real Estate and Expansion Scott Kraus, who made $1.4 million by utilizing the SEC transaction code M, through which executives can execute their rights to buy shares at set rates and sell them at market prices;
    •    board member Thomas Hendrickson, who made $798,283 in two days of trading Aug. 9-10;
    •    board member Ronald Rashkow, who sold 1,500 shares for $473,658 on Aug. 7;
    •    Jason Tarrant, senior vice president of western store operations and sales, who through the SEC’s code M made $280,736 on Aug. 8; and
    •    board member John Murphy, who sold 400 shares for $132,513 on Aug. 23.

For the second quarter, O’Reilly Automotive last month reported its earnings rose 25 percent to $353.1 million.