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CARMAX INC — Director's Dealing 2024
May 3, 2024
30853_dirs_2024-05-03_3af2eda1-8077-49d5-bbee-fdfa75de1ae2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2024-05-01
Reporting Person: Wilson Charles Joseph (EVP and COO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-01 | Stock Options (Right to Buy) | $67.21 | A | 30843 | Acquired | 2031-05-01 | Common Stock (30843) | Direct |
Footnotes
F1: The stock options were granted in tandem with stock appreciation rights (SARS). Accordingly, the exercise of one results in the surrender to the Company of the other. The SARS become exercisable only following a change in control of the Company as set forth in the Company's 2002 Stock Incentive Plan, as amended and restated. Once exercisable, the SARS would entitle the Reporting Person to receive the cash value of the options in lieu of exercising the options.
F2: 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.