Hammer John C 4
4 · KAR Auction Services, Inc. · Filed Mar 3, 2022
Insider Transaction Report
Form 4
Hammer John C
President and CEO of AFC
Transactions
- Exercise/Conversion
Common Stock
2022-03-01+1,870→ 40,182.333 total - Tax Payment
Common Stock
2022-03-01$18.08/sh−482$8,715→ 39,700.333 total - Exercise/Conversion
Common Stock
2022-03-01+284→ 39,984.333 total - Tax Payment
Common Stock
2022-03-01$18.08/sh−74$1,338→ 39,910.333 total - Exercise/Conversion
Restricted Stock Units
2022-03-01−284→ 0 total→ Common Stock (284 underlying) - Exercise/Conversion
Restricted Stock Units
2022-03-01−1,870→ 0 total→ Common Stock (1,870 underlying)
Footnotes (6)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on March 1, 2022.
- [F2]Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
- [F3]Shares withheld by the Company to satisfy tax withholding requirements.
- [F4]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F5]These restricted stock units were subject to a time-vesting requirement and 13,124 restricted stock units vested and settled in common stock on February 22, 2022 and the remaining restricted stock units vested and settled in common stock on March 1, 2022.
- [F6]These restricted stock were remain subject to a time-vesting requirement and vested and settled in common stock as follows: one-third of these restricted stock units vested on March 1, 2020, one-third of these restricted stock units vested on March 1, 2021 and the remaining one-third of these restricted stock units vested on March 1, 2022.