OPENLANE (OPLN) director receives 6,031-share stock fee award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OPENLANE, Inc. director Stefan Jacoby received a stock grant of 6,031 shares of common stock as director fees, valued at $36.48 per share. The award was issued under the company’s omnibus stock and incentive plan, vests on June 5, 2027, and is subject to forfeiture until it vests.
Following this compensation-related acquisition, Jacoby directly holds 53,657 shares of OPENLANE common stock. This is a non-market grant/award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jacoby Stefan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,031 | $36.48 | $220K |
Holdings After Transaction:
Common Stock — 53,657 shares (Direct, null)
Footnotes (1)
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Key Figures
Stock grant size: 6,031 shares
Grant value per share: $36.48 per share
Total shares after transaction: 53,657 shares
+1 more
4 metrics
Stock grant size
6,031 shares
Common stock awarded as director fees
Grant value per share
$36.48 per share
Value used for the June 5, 2026 award
Total shares after transaction
53,657 shares
Director’s direct holdings following the grant
Vesting date
June 5, 2027
Grant vests and forfeiture condition lapses
Key Terms
Form 4, director fees, Second Amended and Restated 2009 Omnibus Stock and Incentive Plan, vest, +1 more
5 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
director fees financial
"shares were issued on June 5, 2026 to the reporting person as director fees"
Second Amended and Restated 2009 Omnibus Stock and Incentive Plan financial
"pursuant to the OPENLANE, Inc. Second Amended and Restated 2009 Omnibus Stock and Incentive Plan"
vest financial
"The 6,031 shares vest on June 5, 2027 and are subject to forfeiture"
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.
subject to forfeiture financial
"The 6,031 shares vest on June 5, 2027 and are subject to forfeiture until vested"
FAQ
What insider transaction did OPENLANE (OPLN) director Stefan Jacoby report?
Stefan Jacoby reported receiving a grant of 6,031 OPENLANE common shares as director fees. The shares were issued under the company’s omnibus stock and incentive plan and represent equity-based compensation, not an open-market stock purchase or sale.
Is the OPENLANE (OPLN) Form 4 transaction a stock purchase or compensation grant?
The Form 4 transaction is a compensation-related stock grant, not an open-market purchase. The 6,031 shares were issued as director fees under OPENLANE’s omnibus stock and incentive plan, reflecting equity-based pay for board service rather than trading in the market.