Peter J. Kelly - Feb 19, 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
Chief Executive Officer, Director
Signature
Charles S. Coleman as Attorney-In-Fact
Stock symbol
KAR
Transactions as of
Feb 19, 2025
Transactions value $
-$829,052
Form type
4
Date filed
2/21/2025, 04:32 PM
Previous filing
Dec 17, 2024
Next filing
Feb 25, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Award $0 +110K +29.22% $0.00 485K Feb 19, 2025 Direct F1, F2
transaction KAR Common Stock Tax liability -$829K -41.3K -8.52% $20.07 444K Feb 19, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of performance-based restricted stock units that vested was determined based on the Company's cumulative adjusted EBITDA performance over a three-year period from January 1, 2022 through December 31, 2024. The Compensation Committee certified performance achievement effective February 19, 2025.
F2 Each performance-based restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The performance-based restricted stock units vested into common stock on February 19, 2025.
F3 Shares withheld by the Company to satisfy tax withholding requirements.