HALLETT JAMES P 4
4 · KAR Auction Services, Inc. · Filed May 11, 2023
Insider Transaction Report
Form 4
HALLETT JAMES P
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2023-05-09+48,364→ 686,400.873 total - Tax Payment
Common Stock
2023-05-09$15.09/sh−13,593$205,118→ 672,807.873 total - Exercise/Conversion
Restricted Stock Units
2023-05-09−48,364→ 96,728 total→ Common Stock (48,364 underlying)
Footnotes (5)
- [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 May 9, 2023.
- [F2]Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
- [F3]Shares withheld by the Company to satisfy tax withholding requirements.
- [F4]Each 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: one-third of these restricted stock units vested 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.