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 May 9, 2025, Mitchell William Clyde, President of AFC at Openlane Inc., reported transactions involving Openlane's common stock.
- 1,000 restricted stock units vested and were converted into common stock.
- The company withheld 285 shares to satisfy tax obligations at a price of $21.96 per share.
- Following these transactions, Mitchell William Clyde directly owns 14,973.427 shares of Openlane Inc.
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 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 ownership.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 05/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Openlane Inc., Mitchell William Clyde, Stock Transaction, Restricted Stock Units, Beneficial Ownership, AFC, KAR
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