Form 4: CarGurus CEO, CarOffer, Zachary Emerson Hallowell Reports Tax Liability Share Withholding
SEC Form 4 Filing
Zachary Emerson Hallowell, CEO of CarOffer, a subsidiary of CarGurus, Inc., reports the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On October 16, 2024, Zachary Emerson Hallowell, CEO of CarOffer, had 10,892 shares of Class A Common Stock withheld to cover tax liabilities.
- The shares were withheld at a price of $31.64 per share.
- Following the transaction, Hallowell directly owns 136,503 shares of CarGurus, Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of the transaction where shares were withheld for tax liability. |
| 10/18/2024 | Date of signature for the Form 4 filing. |
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