Company: ORLY
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0000898173-25-000017
Chunk: 39

Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 39
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 | $        | 4,389,707 | ​ | $        | 2,702,620 |

| (a) | Each NEO may also receive payment for outplacement service for up to $30,000. |

Mr. Johnson was excluded from the table above, as he retired as Chief Executive Officer on January 31, 2024. At retirement, Mr. Johnson’s outstanding unvested awards vested, in accordance with the Company’s policy for retirement eligible Team Members, and his earned unused paid time off was paid out, consistent with the Company’s policy for all eligible Team Members. Mr. Johnson did not receive any other severance in connection with his retirement. Director Compensation Please see the “Compensation of Directors” section of this proxy statement for a discussion of the manner in which the Company’s directors are compensated. Certain Relationships and Related Transactions The Company leases certain land and buildings related to 68 of its O’Reilly Auto Parts stores under fifteen- and twenty-year operating lease agreements with entities in which David O’Reilly and Larry O’Reilly, or members of their families, are affiliated. In addition, the Company leases certain land and buildings related to two of its O’Reilly Auto Parts stores under fifteen-year operating lease agreements with Greg Henslee. Generally, these lease agreements provide for renewal options for an additional five years at the option of the Company and the lease agreements are periodically modified to further extend the lease term for specific stores under the agreements. The total aggregate lease payments paid by the Company to the entities and individuals above was $4.8 million for the year ended December 31, 2024. The Company believes that the terms and conditions of the transactions with affiliates described above were no less favorable to the Company than those that would have been available to the Company in comparable transactions with unaffiliated parties. Approval or Ratification of Transactions with Related Persons Pursuant to the terms of the Audit Committee Charter, the Audit Committee is responsible for reviewing and approving all proposed transactions between the Company, any of the Company’s Officers or Directors, or relatives or affiliates of any such Officers or Directors, to ensure that such related party transactions are on a similar economic basis as a like transaction that occurred at arm’s length with an independent third party and are in the Company’s overall best interest and in the best interest of the Company’s shareholders. The quarterly Audit Committee meeting includes a standing agenda item for the review of such related party transactions. The Audit Committee has not adopted any specific procedures for the conduct