---
schema_version: "secwatch.filing_event.v1"
accession: "0000898173-23-000061"
form_type: "8-K"
ticker: "ORLY"
cik: "0000898173"
company_name: "O REILLY AUTOMOTIVE INC"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:53:26.948894+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000898173-23-000061
- form_type: 8-K
- ticker: ORLY
- cik: 0000898173
- company_name: O REILLY AUTOMOTIVE INC
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898173/000089817323000061/0000898173-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898173/000089817323000061/orly-20231116x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000898173-23-000061
- JSON: https://secwatch.observer/filing/0000898173-23-000061.json
- Plain text: https://secwatch.observer/filing/0000898173-23-000061.txt

## Key facts
- Executive change
  Greg Johnson retired as Chief Executive Officer at O REILLY AUTOMOTIVE INC.
  - Action: retired
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000061/0000898173-23-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.