COPART INC — Form 8-K
Filed October 16, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Copart granted CEO A. Jayson Adair 20,000,000 nonstatutory stock options on October 14, 2026, with four tranches at exercise prices of $26.27, $34.94, $43.61, and $52.54 per share (aggregate exercise price $785.3M). All shares vest 100% on the fifth anniversary (October 14, 2031) conditional on continuous CEO service; vested shares are subject to service-based clawback (10% per year after termination) and post-exercise holding requirements until expiration October 13, 2036. Grant requires stockholder approval at 2026 Annual Meeting; if not approved, the entire option forfeits.
Why this rating
Grant worth ~$785M aggregate strike is material in absolute terms but represents ~2.2% of $35.7B market cap. CEO long-term retention mechanism, boilerplate terms, and contingent on shareholder approval; typical executive compensation.
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