Form 4: Openlane Inc. Executive Mitchell William Clyde Reports Stock Transactions
SEC Form 4 Filing
Mitchell William Clyde, President of AFC at Openlane Inc., reports the vesting and conversion of restricted stock units and subsequent tax withholding.
Summary
- On February 28, 2025, Mitchell William Clyde, President of AFC at Openlane Inc., reported transactions involving Openlane Inc. common stock.
- 1,210 restricted stock units vested and were converted into common stock.
- 345 shares were withheld by the company to satisfy tax obligations at a price of $22.3 per share.
- Following these transactions, Mitchell William Clyde directly owns 13,979.499 shares of Openlane Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's stock ownership.
- The tax withholding impacts the executive's net compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Restricted stock units vested and converted to common stock; shares withheld for tax obligations; date of Form 4 filing. |
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