Herring Bradley 4
4 · OPENLANE, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
OPENLANE (KAR) EVP/CFO Bradley Herring Receives RSU Award
What Happened
- Bradley Herring, EVP and Chief Financial Officer of OPENLANE, was granted 42,721 restricted stock units (RSUs) on February 19, 2026. The award is recorded as a derivative acquisition at $0.00 (no cash paid at grant). This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-02-19; 42,721 RSUs granted at $0.00 (code A — award/grant).
- Shares owned after transaction: total holdings after this grant are not disclosed in the filing.
- Footnotes: F1 — each RSU converts 1-for-1 into one share of common stock upon settlement; F2 — time-based vesting: one‑third vest on Feb 19, 2027; one‑third on Feb 19, 2028; and the remainder on Feb 19, 2029, contingent on continued employment.
- Filing timeliness: Form 4 filed 2026-02-20 for a 2026-02-19 grant (filed the next day; not indicated as late).
Context
- These RSUs are derivative awards that do not deliver shares immediately — they convert into common stock only as they vest per the schedule above. RSU grants are a common form of executive compensation intended to retain employees and align interests with shareholders; they should not be interpreted as an immediate buy or sell signal.
Insider Transaction Report
Form 4
Herring Bradley
EVP & CFO
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-02-19+42,721→ 42,721 total→ Common Stock (42,721 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 February 19, 2027, one-third of these restricted stock units vest on February 19, 2028 and the remaining one-third of these restricted stock units vest on February 19, 2029, assuming continued employment through the applicable vesting date.
Signature
Kristen Trout, as Attorney-In-Fact|2026-02-20