Jolliffe Lynn 4
4 · IAA, Inc. · Filed Jun 19, 2020
Insider Transaction Report
Form 4
IAA, Inc.IAA
Jolliffe Lynn
Director
Transactions
- Award
Common Stock
2020-06-17+3,024→ 9,653 total
Footnotes (2)
- [F1]Represents a restricted stock award granted on June 17, 2020, which will vest in four substantially equal quarterly installments over a one-year period following the grant date; provided, however, that if the Issuer's 2021 annual meeting of stockholders occurs prior to the last vesting date, the outstanding and unvested portion of the restricted stock award will vest on the day prior to such annual meeting.
- [F2]Includes 6,629 stock units received in connection with the spin-off of the Issuer from KAR Auction Services, Inc. (KAR). All outstanding 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 stock units represent the contingent right to receive an equivalent number of shares of the Issuer's common stock. The 6,629 stock units are subject to a deferral option.