AI assistant
OPENLANE, Inc. — Director's Dealing 2024
Apr 10, 2024
31385_dirs_2024-04-10_96ff8573-b8c9-41a8-81d1-a5564e588ed0.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2024-04-01
Reporting Person: Mitchell William Clyde (President of AFC)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8218 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (1210) | Direct | ||
| Restricted Stock Units | $ | Common Stock (2000) | Direct | ||
| Restricted Stock Units | $ | Common Stock (6822) | Direct | ||
| Restricted Stock Units | $ | Common Stock (4716) | Direct |
Footnotes
F1: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 28, 2025, assuming continued employment through the applicable vesting date.
F2: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F3: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-half of these restricted stock units vest on May 9, 2024 and the remaining one-half of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.
F4: 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 22, 2025, one-third of these restricted stock units vest on February 22, 2026, and the final one-third of these restricted stock units vest on February 22, 2027, assuming continued employment through the applicable vesting date.
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-half of these restricted stock units vest on February 24, 2025 and the remaining one-half of these restricted stock units vest on February 24, 2026, assuming continued employment through the applicable vesting date.