AutoZone SVP Lucas Rauch Awarded 3,500 Stock Options

Executive Compensation Summary

On October 9, 2026, Lucas J. Rauch, Senior Vice President of Merchandising & Sourcing at AutoZone, Inc. ($AZO), received an equity grant under the company's 2020 Omnibus Incentive Award Plan.

Key Details:

• Security: Non-Qualified Stock Option (right to buy AutoZone common stock)
• Shares Granted: 3,500 options
• Exercise Price: $2,939.85 per share
• Expiration Date: October 9, 2036
• Vesting Terms: 50% becomes exercisable on October 15, 2028, with an additional 25% exercisable on each of the first and second anniversaries of that date.

Market Impact & Significance:

This transaction is categorized as Low significance because it represents an annual or performance-based option grant (Transaction Code A) rather than an open-market insider purchase or sale. While it demonstrates alignment with long-term shareholder value through an exercise price set at the prevailing market level ($2,939.85), it provides no immediate directional signal regarding company performance.