Form 4: ACV Auctions CEO George Chamoun Reports Tax-Related Stock Withholding
SEC Form 4 Filing
CEO George Chamoun of ACV Auctions Inc. reports the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On July 1, 2024, ACV Auctions' CEO George Chamoun had shares withheld by the issuer to cover tax liabilities related to the vesting of restricted stock units.
- A total of 10,256, 13,401 and 9,422 Class A Common Stock shares were withheld at a price of $17.5.
- Additionally, 23,690 Class B Common Stock shares were also withheld for tax purposes.
- Following these transactions, Chamoun beneficially owns 928,166 shares of Class A Common Stock and 2,086,856 derivative securities related to Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The withholding of shares to cover tax liabilities has a minor dilutive effect on shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of the stock withholding transactions. |
| 07/03/2024 | Date of signature by Attorney-in-Fact. |
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