John W. Kett - Feb 8, 2023 Form 4 Insider Report for IAA, Inc. (IAA)

Role: Chief Executive Officer, Director
Signature: John W. Kett /s/ Sidney Peryar as attorney-in-fact
Stock symbol: IAA
Transactions as of: Feb 8, 2023
Transactions value $: -$475,199
Form type: 4
Date filed: 2/10/2023, 06:54 PM
Previous filing: Feb 7, 2023
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IAA	Common Stock	Award	$0	+30.2K	+17.2%	$0.00	206K	Feb 8, 2023	Direct	F1
transaction	IAA	Common Stock	Tax liability	-$475K	-11.1K	-5.39%	$42.83	195K	Feb 8, 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock underlying an award of restricted stock units previously granted by the Issuer on February 20, 2020, the vesting of which was subject to the Issuer's achievement of previously established performance criteria over a multi-year measurement period. The Compensation Committee of the Issuer's Board of Directors has certified achievement of the performance criteria, and the number of shares of common stock reported herein consists of the shares underlying the award that were earned based upon such achievement.
F2	Represents shares of common stock withheld by the Issuer to pay tax withholding obligations of the Reporting Person upon the vesting of restricted stock units previously granted to the Reporting Person.

Content

Represents shares of common stock underlying an award of restricted stock units previously granted by the Issuer on February 20, 2020, the vesting of which was subject to the Issuer's achievement of previously established performance criteria over a multi-year measurement period. The Compensation Committee of the Issuer's Board of Directors has certified achievement of the performance criteria, and the number of shares of common stock reported herein consists of the shares underlying the award that were earned based upon such achievement.

Represents shares of common stock withheld by the Issuer to pay tax withholding obligations of the Reporting Person upon the vesting of restricted stock units previously granted to the Reporting Person.