John C. Hammer - 01 Mar 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Reporting relationship: CCO of KAR, President of ADESA
Issuer ticker: KAR
Reported as of: 01 Mar 2022
Net transaction value: -$10,052
SEC form: 4
Accepted by SEC: 03 Mar 2022, 19:15:13 UTC
Prior SEC filing: 23 Feb 2022
Source filing: View source filing
Reporting owner signature: Charles S. Coleman, as Attorney In Fact

Filing notes and source

Key filing fact

John C. Hammer filed Form 4 for KAR Auction Services, Inc. (KAR) on 03 Mar 2022.

Key facts

This page summarizes John C. Hammer's Form 4 filing for KAR Auction Services, Inc. (KAR).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 03 Mar 2022, 19:15.

Change

Previous filing in this sequence was filed on 23 Feb 2022.
Current net transaction value: -$10,052.

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: +1,870
Change %: +4.9%
Price: $0.000000
Shares after: 40,182
Date: 01 Mar 2022
Ownership: Direct
Footnotes: F1, F2

KAR transaction

Common Stock

Tax liability

Transaction value: $8,715
Shares: -482
Change %: -1.2%
Price: $18.08
Shares after: 39,700
Date: 01 Mar 2022
Ownership: Direct
Footnotes: F3

KAR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +284
Change %: +0.72%
Price: $0.000000
Shares after: 39,984
Date: 01 Mar 2022
Ownership: Direct
Footnotes: F1

KAR transaction

Common Stock

Tax liability

Transaction value: $1,338
Shares: -74
Change %: -0.19%
Price: $18.08
Shares after: 39,910
Date: 01 Mar 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: -1,870
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,870
Exercise price
Footnotes: F4, F5

KAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -284
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 284
Exercise price
Footnotes: F4, F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 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 March 1, 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.

Footnote F5

These restricted stock units were subject to a time-vesting requirement and 13,124 restricted stock units vested and settled in common stock on February 22, 2022 and the remaining restricted stock units vested and settled in common stock on March 1, 2022.

Footnote F6

These restricted stock were remain subject to a time-vesting requirement and vested and settled in common stock as follows: one-third of these restricted stock units vested on March 1, 2020, one-third of these restricted stock units vested on March 1, 2021 and the remaining one-third of these restricted stock units vested on March 1, 2022.