O’Reilly Auto awards stock to board members

O’Reilly Automotive Inc. (Nasdaq: ORLY) recently granted stock awards to four of its board members, according to U.S. Securities and Exchange Commission filings.

Jay Burchfield, Thomas Hendrickson, John Murphy and Dana Perlman on May 8 each received 381 shares valued at $140,120. The restricted share awards vest in equal annual installments on May 8, 2020, 2021 and 2022, according to separate SEC filings recorded May 10.

Under such agreements, executives will have the option to purchase shares at their May 8 price of $367.77 and sell them at market rates after they vest, netting the difference. The transactions are allowed under the SEC’s code M rule.

Burchfield has been a board member since 1997, with Murphy on since 2003, Hendrickson since 2010 and Perlman since 2017, according to O’Reilly Automotive’s investor relations website.

The Springfield-based auto parts retailer last month reported first-quarter net income of $321.2 million, or $4.05 per diluted share, a 5.3% percent increase over $304.9 million, or $3.61 per diluted share, a year earlier.

ORLY shares were trading at $354.17 as of 10:39 a.m., compared with a 52-week range of $264.50 to $414.63.