Loughmiller Eric M. 4
4 · KAR Auction Services, Inc. · Filed Dec 13, 2022
Insider Transaction Report
Form 4
Loughmiller Eric M.
EVP & CFO
Transactions
- Tax Payment
Common Stock
2022-12-09$13.37/sh−2,886$38,586→ 278,155.642 total - Exercise/Conversion
Restricted Stock Units
2022-12-09−2,886→ 97,114 total→ Common Stock (2,886 underlying) - Award
Restricted Stock Units
2022-12-09+100,000→ 100,000 total→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2022-12-09+2,886→ 281,041.642 total
Footnotes (6)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [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]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on May 9, 2023, one-third of these restricted stock units vest on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.
- [F5]Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F6]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 32,371 of these restricted stock units vest on May 9, 2023, 32,371 of these restricted stock units vest on May 9, 2024 and the remaining 32,372 of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.