Galvin Carmel 4
4 · KAR Auction Services, Inc. · Filed Jun 8, 2021
Insider Transaction Report
Form 4
Galvin Carmel
Director
Transactions
- Award
Phantom Stock
2021-06-04$18.23/sh+7,132$130,016→ 17,390.82 total→ Common Stock (7,132 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 (including 39.82 shares of phantom stock acquired by dividend reinvestment). 7,132 shares of phantom stock vest on June 4, 2022, 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 her subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.