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 644 shares of Class A Common Stock on April 1, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On April 1, 2025, Stephen R. Palmer, Vice President of Accounting at Carvana Co., disposed of 644 shares of Class A Common Stock.
- The disposal was to cover tax obligations arising from the vesting of restricted stock units.
- The shares were sold at a price of $212.59 per share.
- Following the transaction, Palmer directly owns 49,880 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: Disposal of Class A Common Stock. |
| 04/02/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Stephen R. Palmer, Carvana Co., CVNA, Stock Disposal, Tax Obligations, Restricted Stock Units
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