Smith Stephen E. 4
4 · KAR Auction Services, Inc. · Filed Jun 8, 2020
Insider Transaction Report
Form 4
Smith Stephen E.
Director
Transactions
- Award
Phantom Stock
2020-06-04$15.80/sh+8,228$130,002→ 17,922 total→ Common Stock (8,228 underlying)
Holdings
- 7,689
Common Stock
- 1,526.65
Phantom Stock
→ Common Stock (1,526.65 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. 8,228 shares of phantom stock vest on June 4, 2021, 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 are vested.