Benjamin Skuy - 21 Feb 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Reporting relationship: EVP of Intl Mrkts & Strat Init
Issuer ticker: KAR
Reported as of: 21 Feb 2022
Net transaction value: -$46,267
SEC form: 4
Accepted by SEC: 23 Feb 2022, 20:51:03 UTC
Prior SEC filing: 08 Jun 2021
Source filing: View source filing
Reporting owner signature: Charles S. Coleman as Attorney-In-Fact

Key filing fact

Benjamin Skuy filed Form 4 for KAR Auction Services, Inc. (KAR) on 23 Feb 2022.

Key facts

This page summarizes Benjamin Skuy's Form 4 filing for KAR Auction Services, Inc. (KAR).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 23 Feb 2022, 20:51.

Change

Previous filing in this sequence was filed on 08 Jun 2021.
Current net transaction value: -$46,267.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

KAR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,369
Change %: +1.2%
Price: $0.000000
Shares after: 117,993
Date: 21 Feb 2022
Ownership: Direct
Footnotes: F1, F2

KAR transaction

Common Stock

Tax liability

Transaction value: $10,240
Shares: -733
Change %: -0.62%
Price: $13.97
Shares after: 117,260
Date: 21 Feb 2022
Ownership: Direct
Footnotes: F3

KAR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +641
Change %: +0.55%
Price: $0.000000
Shares after: 117,901
Date: 22 Feb 2022
Ownership: Direct
Footnotes: F4

KAR transaction

Common Stock

Tax liability

Transaction value: $4,758
Shares: -344
Change %: -0.29%
Price: $13.83
Shares after: 117,557
Date: 22 Feb 2022
Ownership: Direct
Footnotes: F3

KAR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,222
Change %: +3.6%
Price: $0.000000
Shares after: 121,779
Date: 22 Feb 2022
Ownership: Direct
Footnotes: F4

KAR transaction

Common Stock

Tax liability

Transaction value: $31,270
Shares: -2,261
Change %: -1.9%
Price: $13.83
Shares after: 119,518
Date: 22 Feb 2022
Ownership: Direct
Footnotes: F3

Reported derivative securities

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

KAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -641
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 22 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 641
Exercise price
Footnotes: F5, F6

KAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,369
Change %: -50%
Price: $0.000000
Shares after: 1,370
Date: 21 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,369
Exercise price
Footnotes: F5, F7

KAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,222
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 22 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,222
Exercise price
Footnotes: F5, F8

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on February 21, 2022.

Footnote F2

Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.

Footnote F3

Shares withheld by the Company to satisfy tax withholding requirements.

Footnote F4

Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on February 22, 2022.

Footnote F5

Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

Footnote F6

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 vested on February 22, 2020, one-third of these restricted stock units vested on February 22, 2021 and the remaining one-third of these restricted stock units vested on February 22, 2022.

Footnote F7

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 vested on February 21, 2021, one-third of these restricted stock units vest on February 21, 2022 and the remaining one-third of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.

Footnote F8

These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on February 22, 2022.