Form 4: Openlane EVP & CFO Brad S. Lakhia Reports Stock Transactions
SEC Form 4 Filing
EVP & CFO of Openlane, Brad S. Lakhia, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 5, 2024, Brad S. Lakhia, EVP & CFO of Openlane, Inc., had 13,486 restricted stock units vest into common stock.
- The company withheld 4,168 shares at a price of $17.69 to satisfy tax withholding requirements.
- Following these transactions, Lakhia directly owns 9,318 shares of common stock and 13,487 restricted stock units.
- Half of the remaining restricted stock units vested on May 5, 2024, and the other half are scheduled to vest on May 5, 2025, assuming continued employment.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for the company's performance.
Future Outlook
The remaining restricted stock units are scheduled to vest on May 5, 2025, assuming continued employment.
Industry Context
This is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| 05/05/2024 | Restricted stock units vested and shares withheld for tax purposes. |
| 05/05/2025 | Remaining restricted stock units scheduled to vest, contingent on continued employment. |
| 05/06/2024 | Date of signature by Attorney-in-Fact. |
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