4//SEC Filing
Lakhia Brad S. 4
Accession 0001395942-23-000050
CIK 0001395942other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 9:40 AM ET
Size
10.5 KB
Accession
0001395942-23-000050
Insider Transaction Report
Form 4
Lakhia Brad S.
EVP & CFO
Transactions
- Award
Employee Stock Option (right to buy)
2023-05-05+53,222→ 53,222 totalExercise: $14.83Exp: 2033-05-05→ Common Stock (53,222 underlying) - Award
Employee Stock Option (right to buy)
2023-05-05+212,886→ 212,886 totalExercise: $14.83Exp: 2033-05-05→ Common Stock (212,886 underlying) - Award
Restricted Stock Units
2023-05-05+26,973→ 26,973 total→ Common Stock (26,973 underlying)
Footnotes (4)
- [F1]These options were granted on May 5, 2023 and will vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.
- [F2]These options were granted on May 5, 2023 and will become eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $19.83, $24.83, $29.83, and $34.83, for twenty consecutive trading days, subject to continued employment through such vesting date.
- [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-half of these restricted stock units vest on May 5, 2024 and the remaining one-half of these restricted stock units vest on May 5, 2025, assuming continued employment through the applicable vesting date.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001615728
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 9:40 AM ET
- Size
- 10.5 KB