Form 4: Carvana Co. Executive Stephen R. Palmer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Stephen R. Palmer, Vice President of Accounting at Carvana Co., disposed of 403 shares of Class A Common Stock on February 1, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 1, 2025, Stephen R. Palmer, Vice President of Accounting at Carvana Co., disposed of 403 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- The shares were disposed of at a price of $247.48 per share.
- Following the transaction, Palmer directly owns 51,134 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) and does not indicate any significant 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 filing indicates a standard transaction to cover tax obligations, which is a common practice.
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 |
|---|---|
| 02/01/2025 | Date of transaction: Disposal of 403 shares of Class A Common Stock. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
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