Insider Unloading: Joseph Charles Wilson Sells Options, Realizes $168K
A significant insider transaction involving the exercise of company stock options was reported on July 24, by Joseph Charles Wilson , EVP and COO at CarMax (NYSE: KMX ), as per the latest SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Wilson, EVP and COO at CarMax, a company in the Consumer Discretionary sector, just exercised stock options worth 10,021 shares of KMX stock with an exercise price of $63.04. The Thursday morning market activity shows CarMax shares up by 1.93%, trading at $81.44. This implies a total value of $168,954 for Wilson''s 10,021 shares. Delving into CarMax''s Background CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (79% in fiscal 2024 due to the chip shortage) and wholesale about 13% (19% in fiscal 2024), with the remaining portion composed of extended service plans and repair.
https://www.benzinga.com/insights/news/24/07/39961667/insider-unloading-joseph-charles-wilson-sells-options-realizes-168k