Form 4: Cars.com CEO T. Alex Vetter Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
T. Alex Vetter, CEO of Cars.com Inc., reports the disposal of shares to cover tax withholding obligations related to vesting restricted stock units (RSUs).
Summary
- On March 3, 2025, T. Alex Vetter, CEO of Cars.com Inc., reported a transaction involving common stock.
- 39,639 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs) at a price of $13.2.
- Following the transaction, Vetter directly owns 559,295 shares of Cars.com Inc., including RSUs.
- Vetter also holds options to buy 513,228 shares at $5.4 expiring on March 18, 2030, 290,994 shares at $15.17 expiring on March 17, 2031 and 263,119 shares at $15.07 expiring on March 16, 2032.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date exercisable for stock options at $5.4 expiring on 03/18/2030 |
| 03/01/2024 | Date exercisable for stock options at $15.17 expiring on 03/17/2031 |
| 03/01/2025 | Date exercisable for stock options at $15.07 expiring on 03/16/2032 |
| 03/03/2025 | Date of transaction: Disposal of 39,639 shares for tax obligations. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
| 03/16/2032 | Expiration date for stock options at $15.07 |
| 03/17/2031 | Expiration date for stock options at $15.17 |
| 03/18/2030 | Expiration date for stock options at $5.4 |
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