Copart grants CEO Adair options for 20 million shares, subject to shareholder approval

By Public Technologies
  • Copart granted its CEO a nonstatutory stock option covering 20,000,000 shares on October 14, 2026, subject to stockholder approval.
  • The 10-year option will be forfeited entirely if stockholders reject it at the 2026 annual meeting or a subsequent special meeting.
  • Annual salary is expected to remain $1, with no bonuses or additional equity awards expected during the option's term.
  • Vesting occurs on the grant's fifth anniversary, subject to continued CEO service, with accelerated vesting possible upon death, disability or a takeover.
  • Vested shares face a 10% clawback for each remaining whole or partial year following departure; net-gain shares carry holding restrictions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Copart Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-424052), on October 16, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.