Form 4: Openlane Executive Tobin P. Richer Reports Stock Transactions
SEC Form 4 Filing
EVP Tobin P. Richer reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 9, 2025, Tobin P. Richer, EVP Marketing & Communications at OPENLANE, Inc., reported transactions involving common stock.
- 6,667 restricted stock units vested and were converted into common stock.
- The company withheld 1,959 shares to satisfy tax obligations at a price of $21.96 per share.
- Following these transactions, Richer directly owns 21,861 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 05/12/2025 | Date of signature by Attorney-In-Fact. |
Keywords
Form 4, OPENLANE, Inc., Tobin P. Richer, Stock Transaction, Restricted Stock Units, EVP Marketing & Communications
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