Form 4: ACV Auctions Inc. Executive Leanne Fitzgerald Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Leanne Fitzgerald, Chief Legal Officer of ACV Auctions Inc., reports the withholding of shares by the issuer to cover tax liabilities upon vesting of restricted stock units.
Summary
- On July 1, 2024, Leanne Fitzgerald, Chief Legal Officer of ACV Auctions Inc., reported changes in beneficial ownership of Class A Common Stock.
- The issuer withheld 6,346, 4,533, and 3,187 shares at a price of $17.5 to cover tax liabilities upon the vesting of time-based restricted stock units.
- Following these transactions, Fitzgerald directly owns 450,238 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction (withholding of shares for tax liability) |
| 07/03/2024 | Date of signature on 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.