Form 4: ACV Auctions Inc. Executive Andrew Peer Reports Tax Liability Share Withholding
SEC Form 4 Filing
Andrew Peer, VP, Corporate Controller at ACV Auctions Inc., reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On April 1, 2025, Andrew Peer, VP, Corporate Controller of ACV Auctions Inc., had shares withheld by the issuer to cover tax liabilities.
- These shares were related to the vesting of time-based restricted stock units previously granted.
- The transactions involved the withholding of 1,874, 599, 958, and 673 shares of Class A Common Stock at a price of $14.47 per share.
- Following these transactions, Peer's direct ownership of Class A Common Stock is 53,570 shares.
Sentiment
Score: 5
Explanation: This is a neutral report on share withholding for tax purposes, a routine transaction.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a discretionary sale.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of share withholding for tax liability. |
| 04/03/2025 | Date of signature for the report. |
Keywords
ACV Auctions Inc., Andrew Peer, Form 4, Share Withholding, Tax Liability, Restricted Stock Units, Class A Common Stock, Beneficial Ownership
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