Form 4: ACV Auctions Inc. Chief Legal Officer Reports Tax Liability Share Withholding
SEC Form 4 Filing
Leanne Fitzgerald, Chief Legal Officer of ACV Auctions Inc., reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On October 1, 2024, Leanne Fitzgerald, the Chief Legal Officer of ACV Auctions Inc., had shares of Class A Common Stock withheld by the issuer to cover tax liabilities.
- A total of 12,903 shares were withheld at a price of $19.77 per share.
- Following these transactions, Fitzgerald directly owns 364,168 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of share withholding for tax purposes, indicating a neutral sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership due to tax obligations related to stock-based compensation. Such filings are common for corporate officers and directors.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of share withholding for tax liability. |
| 10/03/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.