AI assistant
OPENLANE, Inc. — Director's Dealing 2023
Feb 27, 2023
31385_dirs_2023-02-27_389b47b0-6a83-43a5-a5a6-e0b657514236.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2023-02-24
Reporting Person: Anderson Scott A (Interim CFO & CAO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-24 | Restricted Stock Units | $ | A | 8487 | Acquired | Common Stock (8487.0) | Direct |
Footnotes
F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on February 24, 2024, one-third of these restricted stock units vest on February 24, 2025 and the remaining one-third of these restricted stock units vest on February 24, 2026, assuming continued employment through the applicable vesting date.