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Openlane Executive Compensation (FY25)

KAR · Executive and director compensation, fiscal 2023 to 2025

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Data as of September 9, 2026Latest filing (8-K): June 8, 2026
11 filings cited on this page
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Openlane brief$1,500Get the executive brief
246 figures on this page: 236 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Peter Kelly
Median of the other named officers
$2,180,678
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 5, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Peter Kelly: $7,418,653 → $10,233,134 (37.9% higher)
Say-on-pay support: 98.8% → 97.9% (0.9 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Openlane's chief executive and what were they paid?
Total compensation for Peter Kelly, Chief Executive Officer, came to $10,233,134 in fiscal 2025. Kelly's total was 37.9% higher than the $7,418,653 reported for fiscal 2024.
What was Openlane's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.9% of votes cast for or against in favor at the meeting held June 5, 2026.
Which companies are in Openlane's peer group?
Companies named in the disclosed peer group include ACI Worldwide, Inc., ACV Auctions Inc., CarGurus, Inc., CarMax, Inc. and Carvana Co., among others. Companies named in the Revised 2025 Comparator Group include LiveRamp Holdings, Inc., Teradata Corporation and Zillow Group, Inc.
What is Openlane's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 191:1, against median employee compensation of $53,468.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Kelly
Chief Executive Officer
◇—◇—◇—◇◇
Brad Lakhia
Former Executive Vice President and Chief Financial Officer
◇◇◇◇◇—◇◇
James Coyle
Executive Vice President and President, Marketplace
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Kelly
Chief Executive Officer
◇—◇—◇—◇◇
James Coyle
Executive Vice President and President, Marketplace
◇—◇—◇—◇◇
Brad Lakhia
Former Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Chuck Coleman
Executive Vice President, Chief Legal Officer and Secretary
◇—◇—◇—◇◇
Will Mitchell
President of AFC
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Kelly
Chief Executive Officer
◇—◇—◇—◇◇
James Coyle
Executive Vice President and President, Marketplace
◇—◇—◇—◇◇
Brad Herring
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Chuck Coleman
Executive Vice President, Chief Legal Officer and Secretary
◇—◇—◇—◇◇
Will Mitchell
President of AFC
◇—◇—◇—◇◇
Brad Lakhia
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brad HerringRSU◇——◇——◇
Brad HerringPSU◇◇◇◇◇—◇
Chuck ColemanRSU◇——◇——◇
Chuck ColemanPSU◇◇◇◇◇—◇
James CoylePSU◇◇◇◇◇—◇
James CoyleRSU◇——◇——◇
Peter KellyPSU◇◇◇◇◇—◇
Peter KellyRSU◇——◇——◇
Will MitchellPSU◇◇◇◇◇—◇
Will MitchellRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Chuck ColemanOption◇—◇—
Option◇—◇—
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Peter KellyOption◇—◇—
PSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
Option◇—◇—
Will MitchellRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
James CoylePSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
RSU◇◇——
PSU◇◇——
Brad HerringPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Mark Howell
Board chair
◇◇————◇
Michael T. Kestner
◇◇————◇
Carmel Galvin
◇◇————◇
Stefan Jacoby
◇◇————◇
Mary Ellen Smith
◇◇————◇
Randolph Altschuler
◇◇————◇
Roy Mackenzie, Peter Kelly and Kelly Tuminelli served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ACI Worldwide, Inc. ACIW
  • ACV Auctions Inc. ACVA
  • CarGurus, Inc. CARG
  • CarMax, Inc. KMX
  • Carvana Co. CVNA
  • Copart, Inc. CPRT
  • CoStar Group, Inc. CSGP
  • Equifax Inc. EFX
  • Etsy, Inc. ETSY
  • Fair Isaac Corporation FICO
  • Frontdoor, Inc. FTDR
  • Gentex Corporation GNTX
  • RB Global, Inc. RBA
  • TripAdvisor, Inc TRIP
  • Yelp, Inc. YELP
Revised 2025 Comparator Group
  • LiveRamp Holdings, Inc. RAMP
  • Teradata Corporation TDC
  • Zillow Group, Inc. Z

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 5, 2026=◇◇◇
2024June 6, 2025=◇◇◇
2023June 7, 2024=◇◇◇
2022June 2, 2023=◇◇◇
2021June 2, 2022=◇◇◇
2020June 4, 2021=◇◇◇
2019June 4, 2020=◇◇◇
2018June 4, 2019=◇◇◇
2017June 4, 2018=◇◇◇
2016June 5, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
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What this page does not include

Everything above is a fact Openlane disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Openlane sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
246 figures on this page: 236 cited to the filing that reported them, 10 calculated from figures it prints.
236 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001395942-26-000024
    3. Advisory Vote on Executive Compensation
  2. 0001104659-26-048054
    CEO PAY RATIO · DIRECTOR COMPENSATION · GRANTS OF PLAN-BASED AWARDS FOR 2025 · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 2025 · and 1 more section
  3. 0001395942-25-000040
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  4. 0001395942-24-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  5. 0001395942-23-000065
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  6. 0001395942-22-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  7. 0001395942-21-000055
    3. Advisory Vote on Executive Compensation
  8. 0001395942-20-000079
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001395942-19-000073
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001395942-18-000084
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001395942-17-000078
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Openlane executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/KAR (accessed 2026).
Short form: data: Velarion

The Openlane brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Openlane discloses

The companies named in KAR's own disclosed peer group.

ACI Worldwide, Inc.ACV Auctions Inc.CarGurus, Inc.CarMax, Inc.Carvana Co.Copart, Inc.CoStar Group, Inc.Equifax Inc.Etsy, Inc.Fair Isaac CorporationGentex CorporationRB Global, Inc.TripAdvisor, IncYelp, Inc.LiveRamp Holdings, Inc.Teradata CorporationZillow Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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