Form 4: ACV Auctions Inc. Executive Michael Waterman Reports Tax Liability Share Withholding
SEC Form 4 Filing
Chief Sales Officer Michael Waterman of ACV Auctions Inc. reports the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On July 1, 2024, Michael Waterman, Chief Sales Officer 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.
- A total of 2,196, 4,919, and 3,459 Class A Common Stock shares were withheld at a price of $17.5.
- Additionally, 4,566 Class B Common Stock shares were also withheld.
- Following these transactions, Waterman beneficially owns 386,010 shares of Class A Common Stock and 41,440 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine SEC filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of share withholding for tax liability. |
| 07/03/2024 | Date of signature by Attorney-in-Fact Michelle Webb. |
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