O'Reilly Automotive boosts share repurchase authorization by $2.0B to $25.75B total

O REILLY AUTOMOTIVE INC

Board approved $2.0B increase in share repurchase program, raising aggregate authorization to $25.75B.
New authorization effective for three years starting November 16, 2023.
In conjunction with CEO Greg Johnson's retirement, cancelled his Feb 2023 stock option award and replaced with cash-based award of equivalent value payable upon retirement.
Repurchases will be made via open market at Company's discretion; no assurance on number of shares.

item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Greg Johnson

Chief Executive Officer

ORLY · O REILLY AUTOMOTIVE INC

Filed: November 16, 2023, 6:59 PM ET

On November 16, 2023, in conjunction with the previously announced retirement of Greg Johnson, O’Reilly Automotive, Inc’s (the “Company”) Chief Executive Officer, the Company announced that the Human Capital and Compensation Committee of the Company’s Board of Director’s (the “Board”) recommended, and the Board approved, the cancellation of Mr. Johnson’s February 2, 2023, non-qualified stock option award

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg Johnson retired as Chief Executive Officer at O REILLY AUTOMOTIVE INC.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

On November 16, 2023, in conjunction with the previously announced retirement of Greg Johnson, O’Reilly Automotive, Inc’s (the “Company”) Chief Executive Officer, the Company announced that the Human Capital and Compensation Committee of the Company’s Board of Director’s (the “Board”) recommended, and the Board approved, the cancellation of Mr. Johnson’s February 2, 2023, non-qualified stock option award

View on SEC.gov

O REILLY AUTOMOTIVE INC filing history →

Source: SEC EDGAR

accession 0000898173-23-000061

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.