4//SEC Filing
Davis Justin T. 4
Accession 0001395942-23-000022
CIK 0001395942other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:11 PM ET
Size
8.9 KB
Accession
0001395942-23-000022
Insider Transaction Report
Form 4
Davis Justin T.
President of BacklotCars
Transactions
- Tax Payment
Common Stock
2023-03-04$14.19/sh−1,461$20,732→ 407,502 total - Exercise/Conversion
Restricted Stock Units
2023-03-04−4,526→ 4,526 total→ Common Stock (4,526 underlying) - Exercise/Conversion
Common Stock
2023-03-04+4,526→ 408,963 total
Footnotes (4)
- [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 4, 2023.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements.
- [F3]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [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 vested on March 4, 2022, one-third of these restricted stock units vested on March 4, 2023 and the remaining one-third of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001866111
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:11 PM ET
- Size
- 8.9 KB