James E. Money II - 08 Dec 2023 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
12 Dec 2023, 18:47:15 UTC
Prior SEC filing
11 May 2023
Next SEC filing
13 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Charles S. Coleman, as Attorney In Fact

Key filing fact

James E. Money II filed Form 4 for OPENLANE, Inc. (KAR) on 12 Dec 2023.

Key facts

  • This page summarizes James E. Money II's Form 4 filing for OPENLANE, Inc. (KAR).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 12 Dec 2023, 18:47.

Change

  • Previous filing in this sequence was filed on 11 May 2023.
  • Current net transaction value: -$4,962.

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
+346
Change %
+0.78%
Price
$0.000000
Shares after
44,950
Date
08 Dec 2023
Ownership
Direct
Footnotes
F1
KAR transaction

Common Stock

Tax liability

Transaction value
$4,962
Shares
-346
Change %
-0.77%
Price
$14.34
Shares after
44,604
Date
08 Dec 2023
Ownership
Direct
Footnotes
F2

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
-346
Change %
-0.86%
Price
$0.000000
Shares after
39,654
Date
08 Dec 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
346
Exercise price
Footnotes
F1, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

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 F2

Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.

Footnote F3

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

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: 19,654 of these restricted stock units vest on May 9, 2024 and the remaining 20,000 of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.

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