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