JOHNSTON VANCE CUSHMAN 4
4 · IAA, Inc. · Filed Jul 31, 2019
Insider Transaction Report
Form 4
IAA, Inc.IAA
JOHNSTON VANCE CUSHMAN
Chief Financial Officer
Transactions
- Award
Common Stock
2019-07-29+554→ 17,960 total - Award
Employee stock option (right to buy)
2019-07-29+7,557→ 7,557 totalExercise: $46.97Exp: 2029-07-29→ Common Stock (7,557 underlying)
Footnotes (3)
- [F1]The reporting person was issued an equity award of 554 restricted stock units on July 29, 2019, which will vest in three equal annual installments beginning on July 29, 2020. The restricted stock units represent the contingent right to receive an equivalent number of shares of the Issuer's common stock.
- [F2]Includes 17,406 restricted stock units vesting in three substantially equal annual installments beginning on May 10, 2020. The restricted stock units were received in connection with the spin-off of the Issuer from KAR. All outstanding restricted stock units of KAR were converted into adjusted awards of both KAR and the Issuer with the intent to maintain the economic value of those awards before and after the spin-off. The restricted stock units represent the contingent right to receive an equivalent number of shares of the Issuer's common stock.
- [F3]The option vests in three equal annual installments beginning on July 29, 2020.