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OPENLANE, Inc. — Director's Dealing 2025
Feb 21, 2025
31385_dirs_2025-02-21_257d6da1-56bb-449c-8280-1330ce78c109.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2025-02-19
Reporting Person: Kelly Peter J (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-19 | Common Stock | A | 109643 | — | Acquired | 484908.263 | Direct |
| 2025-02-19 | Common Stock | F | 41308 | $20.07 | Disposed | 443600.263 | Direct |
Footnotes
F1: The number of performance-based restricted stock units that vested was determined based on the Company's cumulative adjusted EBITDA performance over a three-year period from January 1, 2022 through December 31, 2024. The Compensation Committee certified performance achievement effective February 19, 2025.
F2: Each performance-based restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The performance-based restricted stock units vested into common stock on February 19, 2025.
F3: Shares withheld by the Company to satisfy tax withholding requirements.