DiDomenico David 4
4 · KAR Auction Services, Inc. · Filed Nov 12, 2019
Insider Transaction Report
Form 4
DiDomenico David
Director
Transactions
- Award
Phantom Stock
2019-11-08$21.50/sh+3,839$82,539→ 3,839 total→ Common Stock (3,839 underlying)
Footnotes (3)
- [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. 3,839 shares of phantom stock were granted on November 8, 2019 at a price of $21.50 per share pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and will be settled only for shares of KAR common stock on a one-for-one basis. This grant vests on June 4, 2020, and is subject to forfeiture until 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.