Jacoby Stefan 4
4 · KAR Auction Services, Inc. · Filed Jan 7, 2020
Insider Transaction Report
Form 4
Jacoby Stefan
Director
Transactions
- Award
Phantom Stock
2020-01-03$22.40/sh+19.07$427→ 37.046 total→ Phantom Stock (19.07 underlying)
Holdings
- 2,230
Phantom Stock
→ Common Stock (2,230 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.
- [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, which shares vest on June 4, 2020 and are subject to forfeiture until vested.