William C. Rhodes III, Chairman at AutoZone (NYSE:AZO), reported a large acquisition of company stock options on October 10, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that III, Chairman at AutoZone, a company in the Consumer Discretionary sector, was just awarded stock options worth 4,699 shares of AZO. The options give III the right to buy the company's stock at $2682.1 per share.
AutoZone shares are trading down 0.0% at $2577.58 at the time of this writing on Wednesday morning. Since the current price is $2577.58, this makes III's 4,699 shares worth $12,112,048.