Under the AICPA Code of Professional Conduct, which of the following situations would NOT impair a covered member's independence?

The covered member's spouse is employed by the client as the Director of Internal Audit.

The covered member owns 1% of the client's outstanding shares.

The covered member has an automobile loan from a client financial institution that is fully collateralized by the automobile.

The covered member is a trustee of a trust that owns 10% of the client's stock.