Carmel Galvin - Jun 4, 2021 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
Director
Signature
Charles S. Coleman, Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Jun 4, 2021
Transactions value $
$130,016
Form type
4
Date filed
6/8/2021, 09:10 PM
Next filing
Jun 6, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KAR Phantom Stock Award $130K +7.13K +69.52% $18.23 17.4K Jun 4, 2021 Common Stock 7.13K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
F2 Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan (including 39.82 shares of phantom stock acquired by dividend reinvestment). 7,132 shares of phantom stock vest on June 4, 2022, and are subject to forfeiture until vested. All other shares of phantom stock are vested.
F3 The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by her subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.