8-KItem 5.02 · Officer/Director ChangeItem 9.01 · Financial Statements
COPART INC (CPRT)

Copart Grants CEO A. Jayson Adair 20 Million-Share Option

Filed with the SEC on · Summarized by InvestorsBot

Copart’s board granted CEO A. Jayson Adair a 20 million-share stock option on October 14, 2026, split into four 5 million-share tranches with exercise prices of $26.27, $35.03, $43.78 and $52.54 per share. The award requires stockholder approval at the 2026 annual meeting or a subsequent special meeting, vests on the fifth anniversary subject to continued service, and is intended to be Adair’s only substantive cash or equity compensation for 10 years, with a planned annual salary of $1 and no bonus or additional equity awards.

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