4//SEC Filing
HALLETT JAMES P 4
Accession 0001395942-24-000032
CIK 0001395942other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 4:07 PM ET
Size
9.2 KB
Accession
0001395942-24-000032
Insider Transaction Report
Form 4
HALLETT JAMES P
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2024-05-09+48,364→ 762,313.873 total - Tax Payment
Common Stock
2024-05-09$17.71/sh−18,672$330,681→ 743,641.873 total - Exercise/Conversion
Restricted Stock Units
2024-05-09−48,364→ 48,364 total→ Common Stock (48,364 underlying)
Footnotes (5)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on May 9, 2024.
- [F2]11,032 of these shares were issued on June 2, 2023 to the reporting person as director fees pursuant to the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan. The 11,032 shares vest on June 2, 2024 and are subject to forfeiture until vested. All other shares are vested.
- [F3]Shares withheld by the Company to satisfy tax withholding requirements.
- [F4]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F5]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 vested on May 9, 2023, one-third of these restricted stock units vested on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025.
Documents
Issuer
OPENLANE, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001194732
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 4:07 PM ET
- Size
- 9.2 KB