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CARMAX INC — Director's Dealing 2024
Jul 2, 2024
30853_dirs_2024-07-02_69fa634e-98e0-4a7e-8903-a85c99a386c8.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2024-06-25
Reporting Person: Tuite Tyler (SVP & Chief Product Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 227 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (1161) | Direct | ||
| Restricted Stock Units | $ | Common Stock (1478) | Direct | ||
| Restricted Stock Units | $ | Common Stock (462) | Direct | ||
| Stock Options (Right to Buy) | $78.61 | 2026-05-01 | Common Stock (4869) | Direct | |
| Stock Options (Right to Buy) | $71.07 | 2027-05-01 | Common Stock (13268) | Direct | |
| Stock Options (Right to Buy) | $136.94 | 2028-05-03 | Common Stock (7300) | Direct | |
| Stock Options (Right to Buy) | $91.14 | 2029-05-02 | Common Stock (13235) | Direct | |
| Stock Options (Right to Buy) | $70.48 | 2030-05-01 | Common Stock (15155) | Direct | |
| Stock Options (Right to Buy) | $68.99 | 2030-10-03 | Common Stock (4486) | Direct | |
| Stock Options (Right to Buy) | $67.21 | 2031-05-01 | Common Stock (15422) | Direct |
Footnotes
F1: The restricted stock units shall vest on May 2, 2025.
F2: Shares of Company common stock will be issued to the Reporting Person following vesting of the restricted stock units, which are referred to by the Company as market stock units (MSUs), in accordance with the terms of the Form of Notice of Market Stock Unit Grant filed as Exhibit 10.55 to the Company's Annual Report on Form 10-K filed on April 21, 2020. The minimum number of shares of Company common stock that will be issued to the Reporting Person at payment is zero, and the maximum number of shares of Company common stock that will be issued at payment is two times the number of MSUs.
F3: The restricted stock units shall vest on May 1, 2026.
F4: The restricted stock units shall vest on October 3, 2026.
F5: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2020, May 1, 2021, May 1, 2022 and May 1, 2023 and are now fully exercisable.
F6: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2021, May 1, 2022, May 1, 2023 and May 1, 2024 and are now fully exercisable.
F7: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 3, 2022, May 3, 2023 and May 3, 2024 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on May 3, 2025.
F8: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 2, 2023 and May 2, 2024 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 2, 2025 and May 2, 2026.
F9: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on May 1, 2024 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2025, May 1, 2026 and May 1, 2027.
F10: The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of October 3, 2024, October 3, 2025, October 3, 2026 and October 3, 2027.
F11: The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2025, May 1, 2026, May 1, 2027 and May 1, 2028.