Smith Stephen E. 4
4 · KAR Auction Services, Inc. · Filed Oct 7, 2019
Insider Transaction Report
Form 4
Smith Stephen E.
Director
Transactions
- Award
Phantom Stock
2019-10-03$23.57/sh+87.228$2,056→ 1,214.118 total→ Common Stock (87.228 underlying)
Holdings
- 7,689
Common Stock
- 9,694
Phantom Stock
→ Common Stock (9,694 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. 2,230 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 terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan. All shares except 17.976 are vested. The 17.976 shares vest on June 4, 2020 and are subject to forfeiture until vested.