Loughmiller Eric M. 4
4 · KAR Auction Services, Inc. · Filed Mar 8, 2021
Insider Transaction Report
Form 4
Loughmiller Eric M.
EVP & CFO
Transactions
- Award
Employee Stock Option (right to buy)
2021-03-04+217,392→ 217,392 totalExercise: $13.81Exp: 2031-03-04→ Common Stock (217,392 underlying) - Award
Employee Stock Option (right to buy)
2021-03-04+54,348→ 54,348 totalExercise: $13.81Exp: 2031-03-04→ Common Stock (54,348 underlying)
Footnotes (2)
- [F1]These options were granted on March 4, 2021 and will vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.
- [F2]These options were granted on March 4, 2021 and will become eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $18.81, $23.81, $28.81, and $33.81, for twenty consecutive trading days, subject to continued employment through such vesting date.