OPENLANE director granted 6,031 phantom stock units
TUMINELLI KELLY L reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
TUMINELLI KELLY L reported acquisition or exercise transactions in this Form 4 filing.
OPENLANE, Inc. director Kelly L. Tuminelli received a grant of 6,031 phantom stock units as deferred director fees. Each unit is tied to one share of common stock. The 6,031 new units vest on June 5, 2027 and are subject to forfeiture until vested, while earlier phantom stock awards are already vested. This is a compensation-related award, not an open-market stock purchase or sale.
Insider Trade Summary
Grant/Award: 6,031 shares
Grant/Award
1 txn
Insider
TUMINELLI KELLY L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 6,031 | $36.48 | $220K |
Holdings After Transaction:
Phantom Stock — 6,031 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. 6,031 shares of phantom stock vest on June 5, 2027, and are subject to forfeiture until vested. All other shares of phantom stock are vested.
- F3. The reporting person will receive shares of common stock, on a one-for-one basis, at a future date(s) specified by her subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
Key Figures
Phantom stock units granted: 6,031 units
Underlying common stock: 6,031 shares
Reference price per unit: $36.48 per unit
+2 more
5 metrics
Phantom stock units granted
6,031 units
Grant of phantom stock on June 5, 2026
Underlying common stock
6,031 shares
One-for-one conversion from phantom stock
Reference price per unit
$36.48 per unit
Transaction price per phantom stock unit
Vesting date for new units
June 5, 2027
6,031 phantom stock units vest on this date
Post-transaction phantom holdings
6,031 units
Total phantom stock units reported following grant
Key Terms
Phantom Stock, Directors Deferred Compensation Plan, vest
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.
vest financial
"6,031 shares of phantom stock vest on June 5, 2027, and are subject to forfeiture until vested."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did OPENLANE (OPLN) report for Kelly L. Tuminelli?
OPENLANE reported that director Kelly L. Tuminelli received 6,031 phantom stock units as a compensation grant. These units represent deferred director fees and are linked one-for-one to OPENLANE common shares under the company’s Directors Deferred Compensation Plan.
Is the OPENLANE (OPLN) Form 4 transaction a stock purchase or sale?
The Form 4 does not show a market purchase or sale. It reports a grant of 6,031 phantom stock units as deferred director fees, a form of non-cash compensation rather than an open-market trade in OPENLANE common stock.
When do Kelly Tuminelli’s 6,031 phantom stock units at OPENLANE (OPLN) vest?
The 6,031 newly granted phantom stock units vest on June 5, 2027. Until that vesting date, these units remain subject to forfeiture under the terms of the OPENLANE Directors Deferred Compensation Plan.
What is the role of the Directors Deferred Compensation Plan at OPENLANE (OPLN)?
The Directors Deferred Compensation Plan allows OPENLANE directors to defer fees into phantom stock units. Those units track the value of common shares and later settle in actual common stock on a one-for-one basis, following plan rules and vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
