Tobin P. Richer - 19 Feb 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Signature
Kristen Trout, as Attorney-In-Fact
Issuer symbol
KAR
Transactions as of
19 Feb 2025
Net transactions value
-$20,050
Form type
4
Filing time
21 Feb 2025, 16:34:59 UTC
Previous filing
13 May 2024
Next filing
25 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Award $0 +2,879 +19% $0.000000 18,152 19 Feb 2025 Direct F1, F2
transaction KAR Common Stock Tax liability $20,050 -999 -5.5% $20.07 17,153 19 Feb 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of performance-based restricted stock units that vested was determined based on the Company's cumulative adjusted EBITDA performance over a three-year period from January 1, 2022 through December 31, 2024. The Compensation Committee certified performance achievement effective February 19, 2025.
F2 Each performance-based restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The performance-based restricted stock units vested into common stock on February 19, 2025.
F3 Shares withheld by the Company to satisfy tax withholding requirements.