KAR insider filing: Chief Accounting Officer converts 441 RSUs, 883 RSUs remain
Rhea-AI Filing Summary
OPENLANE, Inc. (KAR) Chief Accounting Officer Dwayne Price reported routine equity activity tied to compensation. On 08/09/2025, 441 restricted stock units (RSUs) vested and converted 1-for-1 into common stock. The company withheld 126 shares to satisfy tax withholding at $27.98 per share. The filing reports two reported beneficial ownership totals: 12,382.61 shares following the RSU settlement and 12,256.61 shares after the withholding; these totals include shares acquired under the company’s Employee Stock Purchase Plan. 883 RSUs remain subject to time-based vesting, with the remaining awards scheduled to vest one-third on each of the next two annual vesting dates, assuming continued employment.
Positive
- 441 RSUs vested, increasing the reporting person's direct equity stake and aligning management with shareholders
- Participation in the Employee Stock Purchase Plan is reflected in total beneficial ownership, indicating additional insider ownership
Negative
- None.
Insights
Routine, non-disruptive insider equity vesting increases insider alignment without immediate dilution beyond tax withholding.
The transaction reflects standard compensation mechanics: 441 RSUs vested and converted to common shares while 126 shares were withheld to cover taxes at $27.98 each. Reported beneficial ownership figures shift from 12,382.61 shares to 12,256.61 shares after withholding, and 883 RSUs remain outstanding on a time-vesting schedule. This is a routine disclosure with limited market impact, but it confirms continued executive ownership and the structure of ongoing incentive vesting.
This filing documents standard equity compensation vesting and tax withholding; no governance concerns are evident from the record.
The filing identifies the reporting person as the Chief Accounting Officer and shows a one-time vesting event of 441 RSUs converted to common stock. The company withheld 126 shares for taxes and reports remaining RSUs subject to time-based vesting (one-third each year). All material mechanics and the vesting schedule are disclosed explicitly, indicating compliance with Section 16 reporting requirements and transparent executive compensation treatment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 441 | $0.00 | -- |
| Exercise | Common Stock | 441 | $0.00 | -- |
| Tax Withholding | Common Stock | 126 | $27.98 | $4K |
Footnotes (1)
- 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 August 9, 2025. Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan. Shares withheld by the Company to satisfy tax withholding requirements. Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. 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 August 9, 2025, one-third of these restricted stock units vest on August 9, 2026 and the remaining one-third of these restricted stock units vest on August 9, 2027, assuming continued employment through the applicable vesting date.
