OPENLANE (NYSE: OPLN) EVP granted RSUs and covers tax with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OPENLANE, Inc. executive vice president of human resources J. Marty Nowlin reported multiple equity transactions. On February 19, 2026, he received a grant of 5,725 restricted stock units (RSUs), each convertible into one share of common stock, scheduled to vest in three annual installments from February 19, 2027 through February 19, 2029, subject to continued employment.
On February 21, 2026 and February 22, 2026, RSUs previously granted vested and were converted into 3,187 and 2,729 shares of common stock, respectively, at a conversion price of $0.0000 per share. To cover tax withholding, 1,075 shares and 828 shares of common stock were withheld at $28.63 per share. Following these transactions, Nowlin directly owned 15,177 shares of OPENLANE common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,916 shares exercised/converted
Mixed
7 txns
Insider
Nowlin J Marty
Role
EVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,729 | $0.00 | -- |
| Exercise | Common Stock | 2,729 | $0.00 | -- |
| Tax Withholding | Common Stock | 828 | $28.63 | $24K |
| Exercise | Restricted Stock Units | 3,187 | $0.00 | -- |
| Exercise | Common Stock | 3,187 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,075 | $28.63 | $31K |
| Grant/Award | Restricted Stock Units | 5,725 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,729 shares (Direct);
Common Stock — 16,005 shares (Direct)
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 February 21, 2026. 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. The restricted stock units vested in common stock on February 22, 2026. 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 vest on February 19, 2027, one-third of these restricted stock units vest on February 19, 2028 and the remaining one-third of these restricted stock units vest on February 19, 2029, assuming continued employment through the applicable vesting date. 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 February 21, 2026, one-third of these restricted stock units vest on February 21, 2027 and the remaining one-third of these restricted stock units vest on February 21, 2028, assuming continued employment through the applicable vesting date. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-half of these restricted stock units vested on February 22, 2026 and the final one-half of these restricted stock units vest on February 22, 2027, assuming continued employment through the applicable vesting date.
FAQ
What equity award did OPENLANE (OPLN) grant to EVP J. Marty Nowlin?
OPENLANE granted J. Marty Nowlin 5,725 restricted stock units on February 19, 2026. Each RSU converts into one share of common stock and vests in three equal annual installments from 2027 through 2029, contingent on Nowlin’s continued employment with the company.
How and when did J. Marty Nowlin’s RSUs at OPENLANE (OPLN) vest?
Previously granted RSUs vested and converted into common stock on February 21, 2026 and February 22, 2026. Those vestings produced 3,187 and 2,729 shares, respectively, reflecting scheduled time-based vesting of earlier awards under OPENLANE’s long-term incentive program.
What is J. Marty Nowlin’s OPENLANE (OPLN) common stock holding after these transactions?
After the reported Form 4 transactions, J. Marty Nowlin directly owned 15,177 shares of OPENLANE common stock. This figure reflects RSU conversions into shares net of shares withheld to cover tax obligations associated with the vesting events in February 2026.
How do J. Marty Nowlin’s new RSUs at OPENLANE (OPLN) vest over time?
The 5,725 new RSUs granted on February 19, 2026 vest in three equal tranches. One-third vests on February 19, 2027, another third on February 19, 2028, and the final third on February 19, 2029, assuming continuous employment through each vesting date.