O’Reilly Auto board members sell thousands of shares

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O’Reilly Automotive Inc. (Nasdaq: ORLY) board member Larry O’Reilly started the month with a sizable share sale.

O’Reilly disposed of 5,000 shares on Sept. 1 at roughly $197.40 apiece to net $986,993, according to a company filing yesterday with the U.S. Securities and Exchange Commission.

Following the sale, the board director had 142,742 direct shares and 84,798 indirect shares held in a family partnership or a trust, according to the filing.

Last month, fellow board member Rosalie O’Reilly Wooten sold 10,000 shares in separate transactions.

On Aug. 25, Wooten sold 5,000 shares at roughly $201 apiece totaling $1 million. On Aug. 3, she disposed of 5,000 shares at $210.14 apiece to earn $1.1 million, according to SEC filings.

Additionally, O’Reilly Automotive Senior Vice President of Inventory Management Randy Johnson on Aug. 1 sold 1,040 shares at $204.44 apiece, netting $212,618. He also executed a contractual right under the SEC’s transaction code M to buy 1,040 shares at a set price of $22.65 for an investment of $23,556, according to a company filing with the SEC.

On Sept. 1, the Springfield-based auto parts retailer announced the addition of $1 billion to its share repurchase program, bringing the total to $9.75 billion since January 2011.

ORLY shares were trading at $202.03 as of 9 a.m., compared with a 52-week range of $169.43 to $286.57.