Mark E. Hill - 02 Jun 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Reporting relationship: Director
Issuer ticker: KAR
Reported as of: 02 Jun 2022
Net transaction value: +$130,011
SEC form: 4
Accepted by SEC: 06 Jun 2022, 18:09:29 UTC
Prior SEC filing: 08 Jun 2021
Next SEC filing: 06 Jun 2023
Source filing: View source filing
Reporting owner signature: Charles S. Coleman as Attorney In Fact

Key filing fact

Mark E. Hill filed Form 4 for KAR Auction Services, Inc. (KAR) on 06 Jun 2022.

Key facts

This page summarizes Mark E. Hill's Form 4 filing for KAR Auction Services, Inc. (KAR).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 06 Jun 2022, 18:09.

Change

Previous filing in this sequence was filed on 08 Jun 2021.
Current net transaction value: +$130,011.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

KAR transaction Derivative

Phantom Stock

Award

Transaction value: $130,011
Shares: +7,832
Change %: +13%
Price: $16.60
Shares after: 69,606
Date: 02 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,832
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The phantom stock will convert into shares of KAR common stock on a one-for-one basis.

Footnote F2

Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan (including 2,997,1927 shares of phantom stock acquired by dividend reinvestment). 7,832 shares of phantom stock vest on June 2, 2023, and are subject to forfeiture until vested. All other shares of phantom stock are vested.

Footnote F3

The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.