Form 4: Openlane CEO Peter Kelly Reports Stock Transactions
SEC Form 4 Filing
CEO Peter Kelly reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 9, 2025, Peter Kelly, the CEO of Openlane, Inc., reported transactions involving the company's common stock.
- 49,026 restricted stock units vested and were converted into common stock.
- The company withheld 21,081 shares to satisfy tax withholding requirements at a price of $21.96 per share.
- Following these transactions, Kelly directly owns 471,545.263 shares of Openlane common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- Shareholders are informed about insider trading activities, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 05/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Openlane, Peter Kelly, stock, restricted stock units, Form 4, insider trading, beneficial ownership
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