JOHNSTON VANCE CUSHMAN 4
4 · IAA, Inc. · Filed Feb 6, 2020
Insider Transaction Report
Form 4
IAA, Inc.IAA
JOHNSTON VANCE CUSHMAN
Chief Financial Officer
Transactions
- Award
Common Stock
2020-02-05+6,243→ 24,203 total
Footnotes (2)
- [F1]The reporting person was issued an equity grant of 6,243 restricted stock units on February 5, 2020, which will vest in three substantially equal annual installments beginning on February 5, 2021, subject to the Reporting Person's continued employment with the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.
- [F2]In addition to the restricted stock units reported herein, includes (i) 17,406 restricted stock units vesting in three substantially equal annual installments beginning on May 10, 2020 and (ii) 554 restricted stock units vesting in three substantially equal annual installments beginning on July 29, 2020. The restricted stock units described in clause (i) were received in connection with the spin-off of the Issuer from KAR Auction Services (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. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.