Form 4: Carvana Co. Executive Paul W. Breaux Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Paul W. Breaux, Vice President, General Counsel, & Secretary of Carvana Co., disposed of 617 shares of Class A Common Stock on August 1, 2024, to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 1, 2024, Paul W. Breaux, an officer of Carvana Co., disposed of 617 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $146.52 per share.
- Following the transaction, Breaux directly owns 128,507 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock disposal transaction |
| 08/02/2024 | Date of signature on the Form 4 filing |
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