AI assistant
OPENLANE, Inc. — Director's Dealing 2024
May 13, 2024
31385_dirs_2024-05-13_f280aa57-26ac-462b-b0a5-928fc81b9f1c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2024-05-09
Reporting Person: HALLETT JAMES P (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-09 | Common Stock | M | 48364 | — | Acquired | 762313.8733 | Direct |
| 2024-05-09 | Common Stock | F | 18672 | $17.71 | Disposed | 743641.8733 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-09 | Restricted Stock Units | $ | M | 48364 | Disposed | Common Stock (48364) | Direct |
Footnotes
F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on May 9, 2024.
F2: 11,032 of these shares were issued on June 2, 2023 to the reporting person as director fees pursuant to the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan. The 11,032 shares vest on June 2, 2024 and are subject to forfeiture until vested. All other shares are vested.
F3: Shares withheld by the Company to satisfy tax withholding requirements.
F4: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F5: 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 vested on May 9, 2023, one-third of these restricted stock units vested on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025.