OPENLANE director Hult granted phantom stock units
OPENLANE, Inc. director David W. Hult received a grant of 5,646 phantom stock units on August 5, 2026, representing deferred director fees under the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
Rhea-AI Filing Summary
OPENLANE, Inc. director David W. Hult received a grant of 5,646 phantom stock units on August 5, 2026, representing deferred director fees under the KAR Auction Services, Inc. Directors Deferred Compensation Plan. The units are valued at $38.22 per unit, vest on June 5, 2027, remain forfeitable until vesting, and convert into common stock on a one-for-one basis at future dates he selects. Following this award, he holds 5,646 phantom stock units directly.
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Insider Trade Summary
Grant/Award: 5,646 shares
Grant/Award
1 txn
Insider
Hult David W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2, F3 | 5,646 | $38.22 | $216K |
Holdings After Transaction:
Phantom Stock — 5,646 contracts (Direct)
Footnotes (3)
- F1. The phantom stock will convert into shares of common stock on a one-for-one basis.
- F2. Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. The shares of phantom stock vest on June 5, 2027, and are subject to forfeiture until vested.
- F3. The reporting person will receive shares of common stock, on a one-for-one basis, at a future date(s) specified by him subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
Key Figures
Phantom stock units granted: 5,646 units
Grant value per unit: $38.22 per unit
Underlying common shares: 5,646 shares
+1 more
4 metrics
Phantom stock units granted
5,646 units
Grant of phantom stock to director David W. Hult on August 5, 2026
Grant value per unit
$38.22 per unit
Value used for phantom stock award on August 5, 2026
Underlying common shares
5,646 shares
Phantom stock converts into common stock on a one-for-one basis
Vesting date
June 5, 2027
Phantom stock units vest and are no longer subject to forfeiture on this date
Key Terms
Phantom Stock, Directors Deferred Compensation Plan, subject to forfeiture
3 terms
Phantom Stock financial
"The phantom stock will convert into shares of common stock on a one-for-one basis."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Directors Deferred Compensation Plan financial
"Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan."
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
subject to forfeiture financial
"The shares of phantom stock vest on June 5, 2027, and are subject to forfeiture until vested."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did OPENLANE (OPLN) director David W. Hult report?
He reported a grant of 5,646 phantom stock units on August 5, 2026. These units represent deferred director fees under the KAR Auction Services, Inc. Directors Deferred Compensation Plan and will convert into OPENLANE common stock on a one-for-one basis at future dates.
How many phantom stock units did OPLN director David W. Hult receive and at what value?
David W. Hult received 5,646 phantom stock units valued at $38.22 per unit. The grant is structured as deferred director fees in phantom stock, which later settles in OPENLANE common shares under the company’s directors deferred compensation plan.
When do David W. Hult’s phantom stock units for OPENLANE (OPLN) vest?
The phantom stock units vest on June 5, 2027. Until that vesting date, the award remains subject to forfeiture under the KAR Auction Services, Inc. Directors Deferred Compensation Plan, meaning Hult’s right to the shares is not fully secured before vesting.
How will the phantom stock units convert into OPENLANE (OPLN) common stock?
Each phantom stock unit converts into one share of common stock on a one-for-one basis. Hult will receive the actual OPENLANE common shares at future date or dates he specifies, subject to the terms of the directors deferred compensation plan.
What is the KAR Auction Services, Inc. Directors Deferred Compensation Plan mentioned in the OPLN filing?
It is the plan under which Hult’s deferred director fees are credited as phantom stock units. Those units vest on June 5, 2027 and later settle into OPENLANE common stock, following the plan’s terms and any timing elections Hult has made.
What is David W. Hult’s phantom stock position in OPENLANE (OPLN) after this grant?
Following this award, Hult directly holds 5,646 phantom stock units. These units currently exist as a deferred, forfeitable interest that will vest in 2027 and then convert one-for-one into OPENLANE common shares at future distribution dates he has specified.
AI-generated analysis. How Rhea-AI works. Not financial advice.
