Davis Justin T. 4
4 · KAR Auction Services, Inc. · Filed Mar 6, 2023
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.