Smith Mary Ellen 4
4 · KAR Auction Services, Inc. · Filed Jun 6, 2022
Insider Transaction Report
Form 4
Smith Mary Ellen
Director
Transactions
- Award
Phantom Stock
2022-06-02$16.60/sh+7,832$130,011→ 14,964 total→ Common Stock (7,832 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. 7,832 shares of phantom stock vest on June 2, 2023, 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.