4//SEC Filing
HALLETT JAMES P 4
Accession 0001395942-22-000073
CIK 0001395942other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 3:54 PM ET
Size
11.3 KB
Accession
0001395942-22-000073
Insider Transaction Report
Form 4
HALLETT JAMES P
DirectorChief Executive Officer
Transactions
- Award
Restricted Stock Units
2022-12-09+150,000→ 150,000 total→ Common Stock (150,000 underlying) - Tax Payment
Common Stock
2022-12-09$13.37/sh−4,908$65,620→ 626,141.873 total - Exercise/Conversion
Restricted Stock Units
2022-12-09−4,908→ 145,092 total→ Common Stock (4,908 underlying) - Exercise/Conversion
Common Stock
2022-12-09+4,908→ 631,049.873 total
Footnotes (5)
- [F1]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.
- [F2]Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
- [F3]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [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]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 48,364 of these restricted stock units vest on May 9, 2023, 48,364 of these restricted stock units vest on May 9, 2024 and the remaining 48,364 of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001194732
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 3:54 PM ET
- Size
- 11.3 KB