Earl G Graves, a director of AutoZone, recently acquired 228 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on January 01, 2021. Graves now owns 4,561 shares of the company. Graves operates out of Memphis, TN. Some additional info was provided as follows:
Restricted stock units (RSUs) (fully vested on the date of grant) granted in accordance with the 2020 Omnibus Incentive Award Plan. The number of shares of the issuer's common stock underlying the RSU award is equal to the reporting person's aggregate annual retainer fees plus additional fees (less any portion of such fees elected to be paid in cash), divided by the closing market price of a share of the issuer's common stock on December 31, 2020.
The shares will be delivered to the reporting person upon the earlier of (a) the date on which the reporting person ceases to be a director for any reason, provided that such reporting person incurs a "separation from service" from the issuer (within the meaning of Section 409A of the Internal Revenue Code and the related Treasury Regulations) (the "Termination Date") or (b) the fifth anniversary of the grant date, in which event the reporting person will have an opportunity to re-defer the delivery of the shares up to one year prior to the fifth anniversary; unless the reporting person has irrevocably elected in writing by December 31, 2020, to defer the delivery of such shares until the Termination Date.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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