Form 4: Openlane Executive James Coyle Reports Stock Transactions

EVP and President of Marketplace at Openlane, James P. Coyle, reports the vesting of restricted stock units, tax withholding, and stock sales on May 9, 2025.

Summary

• On May 9, 2025, James P. Coyle, EVP & President, Marketplace at Openlane, Inc., reported transactions involving common stock.
• 20,000 restricted stock units vested and were converted into common stock.
• The company withheld 8,810 shares to satisfy tax obligations at a price of $21.96 per share.
• Coyle sold 7,000 shares at a price of $21.72 per share.
• Following these transactions, Coyle directly owns 36,510.873 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure of facts.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors about insider activity. It's common for executives to receive stock-based compensation and periodically sell shares for personal financial management.

Stakeholder Impact

• Shareholders are informed about insider transactions, which can influence their perception of management's confidence in the company.
• The transactions have a minor impact on the overall share supply.

Key Dates

Keywords

Openlane, James Coyle, Stock Transactions, Form 4, Restricted Stock Units, Vesting, Tax Withholding, Common Stock, Executive Compensation