Subrahmanyam Srisu 4
4 · KAR Auction Services, Inc. · Filed Dec 13, 2022
Insider Transaction Report
Form 4
Subrahmanyam Srisu
Pres KAR Svcs Group, EVP Ops
Transactions
- Award
Restricted Stock Units
2022-12-09+60,000→ 60,000 total→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F2]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, assuming continued employment through the applicable vesting date.