Form 4: Carvana Co. Executive Paul W. Breaux Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paul W. Breaux, Vice President, General Counsel, & Secretary of Carvana Co., sold 94 shares of Class A Common Stock on March 4, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 4, 2024, Paul W. Breaux, an officer of Carvana Co., sold 94 shares of Class A Common Stock.
- The sale was executed to cover required taxes upon the vesting of restricted stock units.
- The shares were sold at a weighted average price of $80.62, with individual trades ranging from $80.40 to $81.28.
- Following the transaction, Breaux directly owns 135,032 shares of Carvana Co. Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a common occurrence and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. Such filings are common and provide transparency into the trading activities of company executives. The sale appears to be related to tax obligations, which is a typical reason for such transactions.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the stock sale transaction. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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