4//SEC Filing
Kestner Michael T. 4
Accession 0001395942-19-000105
CIK 0001395942other
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 3:18 PM ET
Size
8.0 KB
Accession
0001395942-19-000105
Insider Transaction Report
Form 4
Kestner Michael T.
Director
Transactions
- Award
Phantom Stock
2019-10-03$23.57/sh+248.849$5,865→ 1,478.78 total→ Common Stock (248.849 underlying)
Holdings
- 5,922
Common Stock
- 29,640.903
Phantom Stock
→ Common Stock (29,640.903 underlying)
Footnotes (4)
- [F1]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F2]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 4,251.884 shares of phantom stock vest on June 4, 2020, and are subject to forfeiture until vested. All other shares of phantom stock are vested.
- [F3]The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F4]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the KAR Auction Services, Inc. Directors Deferred Compensation Plan, of which all shares except 34.275 shares are vested. The 34.275 shares vest on June 4, 2020 and are subject to forfeiture until vested.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001594577
Filing Metadata
- Form type
- 4
- Filed
- Oct 6, 8:00 PM ET
- Accepted
- Oct 7, 3:18 PM ET
- Size
- 8.0 KB