Form 4: Openlane EVP Lisa Price Reports Stock Transactions
SEC Form 4
Lisa A. Price, EVP and Chief People Officer of Openlane, Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 9, 2024, Lisa A. Price, EVP and Chief People Officer of Openlane, Inc., had 15,000 restricted stock units vest into common stock.
- The company withheld 4,276 shares at a price of $17.71 to satisfy tax withholding requirements.
- Following these transactions, Price directly owns 57,232.6987 shares of Openlane common stock.
- The reported transactions were filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation.
Future Outlook
The remaining one-third of the restricted stock units vest on May 9, 2025, assuming continued employment.
Industry Context
This is a routine disclosure of insider transactions, common for executives receiving stock-based compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the vesting of new shares.
- The tax withholding benefits the government.
Key Dates
| Date | Description |
|---|---|
| 05/09/2023 | One-third of the restricted stock units vested. |
| 05/09/2024 | Restricted stock units vested and shares were withheld for taxes. |
| 05/09/2025 | Remaining one-third of these restricted stock units vest. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
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