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 April 1, 2024, Leanne Fitzgerald, Chief Legal Officer of ACV Auctions Inc., had shares withheld by the issuer to cover tax liabilities.
- A total of 6,084 Class A Common Stock shares were withheld at a price of $18.28.
- An additional 4,346 Class A Common Stock shares were withheld at a price of $18.28.
- Following these transactions, Fitzgerald directly owns 318,746 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect broader industry trends but provides transparency into executive equity holdings.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the transactions involving the withholding of shares. |
| 04/03/2024 | Date of signature for the report. |
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