McCreight David W. 4

What Happened

• David W. McCreight, a director (and former Interim President & CEO), had 30,558 restricted stock units (RSUs) vest on March 16, 2026, which converted into 30,558 shares of CarMax (KMX) valued at $41.71 each (total value ≈ $1,274,574).
• To cover tax withholding, 11,423 of those shares were surrendered/withheld at the same $41.71 price (value ≈ $476,453), leaving McCreight with a net 19,135 shares. The filing also includes an administrative derivative conversion entry at $0.00 per share related to the award conversion.

Key Details

• Transaction date: March 16, 2026; Filing date: March 18, 2026 (filed within typical 2-business-day Form 4 window).
• Vesting/conversion price used for reporting: $41.71 per share.
• Shares acquired on vesting: 30,558 (≈ $1.27M); shares withheld for taxes: 11,423 (≈ $476k); net shares received: 19,135.
• Footnote highlights: Each RSU converts to one common share (F1). The RSUs were originally granted Dec 26, 2025 (91,673 RSUs total); only 30,558 vested when McCreight ceased serving as Interim CEO on March 16, 2026; the remaining 61,085 RSUs were forfeited (F2).
• Transaction codes: M = exercise/conversion of a derivative (RSU vesting); F = payment of exercise price or tax liability (share withholding).

Context

• This was a vesting/conversion of RSUs (an award), not an open-market purchase or voluntary sale; the withholding of shares for taxes is a routine administrative step (often called "sell-to-cover") and does not necessarily signal directional insider sentiment.
• The filing is factual and administrative: it reflects an awarded grant vesting and standard tax withholding following cessation of service as Interim CEO.