As Springfield-based O’Reilly Automotive Inc.’s (Nasdaq: ORLY) stock has exceeded $900 per share, company executives and board members have conducted trades.
So far in May, eight officials sold shares, according to U.S. Securities and Exchange Commission filings.
Topping the list is David O'Reilly, executive vice chair of the board, who sold $25.1 million worth of shares this month, according to an SEC filing. Board member John Murphy made $277,368 through a traditional stock sale.
Others utilized SEC transaction code M, through which executives can buy awarded shares at set rates and sell them later at market prices.
Those officials are:
• Thomas McFall, executive vice president, $14 million.
• Robert Dumas, senior vice president of eastern store operations and sales, $3.9 million.
• Philip Hopper, senior vice president of real estate, $1.7 million.
• Jeffrey Lauro, senior vice president of information technology, $812,874.
• Jeffrey Groves, senior vice president of legal and general counsel, $669,147.
Additionally, board member Dana Perlman sold $102,484 worth of stock as a bona fide gift, according to an SEC filing.
ORLY stock first exceeded $900 per share on April 17, according to past reporting. Later that month, O'Reilly Auto reported a 7.3% increase in first-quarter net income to $516.9 million and 12.5% jump in revenue to $3.7 billion compared with a year earlier.
ORLY's current 52-week high of $943.57 per share was hit this morning. The stock's 52-week low is $562.90 per share.
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