Loughmiller Eric M. 4
4 · KAR Auction Services, Inc. · Filed Dec 14, 2021
Insider Transaction Report
Form 4
Loughmiller Eric M.
EVP & CFO
Transactions
- Exercise/Conversion
Common Stock
2021-12-10+171→ 259,417.722 total - Exercise/Conversion
Restricted Stock Units
2021-12-10−171→ 9,986 total→ Common Stock (171 underlying) - Tax Payment
Common Stock
2021-12-10$16.04/sh−171$2,743→ 259,246.722 total
Footnotes (5)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F2]Includes 4,159.139 shares acquired pursuant to the Company's Employee Stock Purchase Plan.
- [F3]Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
- [F4]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.
- [F5]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 4,978 of these restricted stock units vest on February 21, 2022 and the remaining 5,008 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.