Form 4: ACV Auctions Inc. Executive Acquires and Disposes of Shares to Cover Tax Liability
SEC Form 4 Filing
Andrew Peer, VP, Corporate Controller of ACV Auctions Inc., reports acquisition of restricted stock units and subsequent disposal of shares to cover tax obligations.
Summary
- On March 4, 2025, Andrew Peer, VP, Corporate Controller of ACV Auctions Inc., acquired 6,328 shares of Class A Common Stock at $14.83 per share due to the vesting of restricted stock units (RSUs) granted under the company's 2024 Target Bonus Program.
- The RSUs vested 100% upon grant.
- Simultaneously, Mr. Peer disposed of 3,253 shares at $14.83 per share to cover the tax liability associated with the vesting of the RSUs.
- Following these transactions, Mr. Peer beneficially owns 57,674 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions related to compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It reflects the compensation structure and tax obligations of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: Acquisition and disposal of shares. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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