Form 4: CarGurus CEO, CarOffer, Zachary Emerson Hallowell Reports Tax Liability Stock 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 July 1, 2024, Zachary Emerson Hallowell, CEO of CarOffer, had 2,079 shares of Class A Common Stock withheld to cover tax liabilities.
- The shares were withheld at a price of $24.98.
- Following the transaction, Hallowell directly owns 149,467 shares of CarGurus, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations, not indicative of positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This filing indicates a routine transaction related to tax obligations from vested stock units.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: shares withheld for payment of tax liability. |
| 07/03/2024 | Date of signature on the report. |
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