Smith Mary Ellen 4

What Happened
Mary Ellen Smith, a director of OPENLANE, Inc. (KAR), was issued 858 shares of common stock on 2026-03-31 as an award/compensation. The shares were valued at $29.15 each, for a total reported value of $25,011. This was an acquisition (award) rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-31 (Filed: 2026-04-01) — filing appears timely (filed the next day).
• Transaction type/code: Award/Grant (code A).
• Shares acquired: 858 at $29.15 per share; total value $25,011.
• Shares owned after transaction: Not specified in this filing.
• Footnote: The shares were issued in lieu of the reporting person's quarterly cash retainer for director and committee service.
• No 10b5-1 plan, option exercise, or sale was reported in this Form 4.

Context
This was a routine director compensation issuance (stock in lieu of a cash retainer). Such awards are common for non-employee directors and reflect compensation, not an open-market buy or sell. They do not by themselves indicate the director is trading on material nonpublic information or changing a bullish/bearish view of the company.