Company: ORLY
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0000898173-25-000013
Chunk: 6

Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 6
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 are outstanding, would not be affected. The Board believes the Stock Split is advisable and in the best interests of O’Reilly and its shareholders. As of March 6, 2025, the trading price of O’Reilly’s common stock has increased approximately 260% in value over the last five years, reflecting the continued strong financial performance of O’Reilly. As a result, the trading price of O’Reilly’s common stock is higher than the trading price of most other S&P 500 companies—the closing market price of our common stock on March 6, 2025 was $1,331.06 per share, as reported on the Nasdaq Stock Market. We believe the Stock Split would help make our common stock more accessible and attractive to our Team Members. If shareholders approve the Share Increase Proposal and the Board proceeds with the Stock Split, we intend to file an amendment and restatement of our Charter reflecting the approved amendment with the Secretary of State of the State of Missouri as soon as practicable following the Annual Meeting, at which time the increase in the number of authorized shares of common stock would become effective. If shareholders approve the Share Increase Proposal and the Board proceeds with the Stock Split, each shareholder of record as of June 2, 2025, will receive fourteen (14) additional shares of common stock for each share held, which will be distributed after market

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| 16  |  O’REILLY AUTOMOTIVE, INC. | 2025 PROXY STATEMENT |

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| ​ | PROPOSAL 3 – AMEND ARTICLES OF INCORPORATION |

close on June 9, 2025. Shares of O’Reilly common stock are expected to begin trading on a post-split basis at the market open on June 10, 2025. In connection with the Stock Split, and pursuant to the anti-dilution adjustment provisions in O’Reilly’s equity compensation plans, including, without limitation, the O’Reilly Automotive, Inc. Performance Incentive Plan, the O’Reilly Automotive, Inc. 2009 Stock Purchase Plan, the O’Reilly Automotive, Inc. 2012 Incentive Award Plan, and the O’Reilly Automotive, Inc. 2017 Incentive Award Plan, proportionate adjustments will be made to the number of shares of common stock that remain available for issuance pursuant to such plans, as well as to