Six O'Reilly Automotive Inc. (Nasdaq: ORLY) executives and board members recently sold shares to the tune of tens of millions of dollars.
In stock deals filed this month with the U.S. Securities and Exchange Commission, O'Reilly Automotive reported $53.7 million in combined trades. Some of the trades involved shares held directly and indirectly, with others utilizing SEC transaction code M, through which they can buy shares at set rates and sell them later at market prices.
The top trader was board Chairperson David O'Reilly, who sold $30.7 million in shares held directly and indirectly. The SEC filing for O'Reilly's trades indicates the indirect shares may be held through a person's spouse, as a trustee for children or through a company's 401(k) plan.
The other trades recorded with the SEC this month, by value, are:
• Larry O'Reilly, board member, $9.6 million;
• Doug Bragg, senior vice president of central store operations and sales, $6.6 million;
• Greg Johnson, co-president and CEO, $2.3 million;
• Brad Beckham, executive vice president of store operations and sales, $2.25 million; and
• Jeff Shaw, co-president and chief operating officer, $2.1 million.
ORLY stock has hit multiple 52-week highs in recent days after the Springfield-based auto parts retailer reported first quarter net income of $501.6 million, a 67% increase from $300.4 million a year earlier. Officials also reported company-high comparable store sales growth of 24.8% for the quarter.
ORLY shares were trading at $555.91 as of 10:45 a.m., compared with a 52-week range of $377.27 to $568.63 per share.
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