Company: ORLY
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0000898173-25-000017
Chunk: 38

Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 38
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Cause,” by reason of death or “Disability,” or by the NEO for “Good Reason” (each, as defined in the CIC Agreements), then, subject to the NEO’s execution of a release of claims and compliance with their CIC Agreement the NEO will be entitled to:

| ● | Continuation of salary for two years and a payment equal to two times the NEO’s target bonus. |

| ● | Continuation of insurance coverage for two years. |

| ● | Any unpaid bonus for the immediately preceding year and a pro rata target bonus for the year of termination. |

| ● | An amount equal to all earned but unused paid time off. |

| ● | Payment for outplacement services, up to $30,000 and not to exceed 24 months. |

| ● | Immediate vesting for all equity-based awards and immediate exercisability for 12 months for all outstanding stock options. |

| ● | All reasonable legal fees and expenses incurred in disputing the termination of the executive’s employment. |

| ​                    | ​                                |
| 2025 PROXY STATEMENT | O’REILLY AUTOMOTIVE, INC.  |  67 |

| ​                                  | ​ |
| COMPENSATION OF EXECUTIVE OFFICERS | ​ |

The following table shows the amounts that active NEOs who have entered into CIC Agreements would have received if their employment had been terminated by the Company without Cause, by reason of death or Disability, or by the NEO for Good Reason immediately following a Change in Control on December 31, 2024. The unvested stock option grants and unvested restricted share awards vest pursuant to the terms of the incentive plans upon a Change in Control irrespective of a termination of employment. The below table does not include amounts related to the NEOs’ vested benefits under the Deferred Compensation Plan, pursuant to vested stock option grants or vested restricted share awards or other compensation, which are described in the tables above.

| ​                                  
 ​                                  
 ​                                  | ​ 
 ​ | ​       
 Greg    
 Henslee |         ​ | ​ 
 ​ 
 ​ | ​        
 David    
 O’Reilly |         ​ | ​ 
 ​ | ​       
 Brad    
 Beckham |         ​ | ​ 
 ​ | ​        
 Brent G. 
 Kirby    |         ​ | ​ 
 ​ 
 ​ | ​        
 Jeremy   
 Fletcher |         ​ | ​ 
 ​ 
 ​ | ​        
 Scott R. 
 Ross     |         ​ |
|: