Key facts
- This page summarizes Eric M. Loughmiller's Form 4 filing for KAR Auction Services, Inc. (KAR).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 13 Dec 2022, 14:54.
Eric M. Loughmiller - 09 Dec 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)
- Reporting relationship
- EVP & CFO
- Issuer ticker
- KAR
- Reported as of
- 09 Dec 2022
- Net transaction value
- -$38,586
- SEC form
- 4
- Accepted by SEC
- 13 Dec 2022, 14:54:04 UTC
- Prior SEC filing
- 23 Feb 2022
- Source filing
- View source filing
- Reporting owner signature
- Charles S. Coleman, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Eric M. Loughmiller filed Form 4 for KAR Auction Services, Inc. (KAR) on 13 Dec 2022.
Change
- Previous filing in this sequence was filed on 23 Feb 2022.
- Current net transaction value: -$38,586.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- +2,886
- Change %
- +1%
- Price
- $0.000000
- Shares after
- 281,042
- Date
- 09 Dec 2022
- Ownership
- Direct
- Footnotes
- F1, F2
KAR
transaction
Common Stock
Tax liability
- Transaction value
- $38,586
- Shares
- -2,886
- Change %
- -1%
- Price
- $13.37
- Shares after
- 278,156
- Date
- 09 Dec 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
Award
- Transaction value
- $0
- Shares
- +100,000
- Change %
- Price
- $0.000000
- Shares after
- 100,000
- Date
- 09 Dec 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 100,000
- Exercise price
- Footnotes
- F1, F4
KAR
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,886
- Change %
- -2.9%
- Price
- $0.000000
- Shares after
- 97,114
- Date
- 09 Dec 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,886
- Exercise price
- Footnotes
- F1, F5, 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.
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
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 vest on May 9, 2023, one-third of these restricted stock units vest on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.
Footnote F5
Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining 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: 32,371 of these restricted stock units vest on May 9, 2023, 32,371 of these restricted stock units vest on May 9, 2024 and the remaining 32,372 of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.