Form 4: Carvana COO Benjamin Huston Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Carvana's Chief Operating Officer, Benjamin Huston, disposed of 646 shares of Class A Common Stock on February 1, 2025, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On February 1, 2025, Benjamin E. Huston, the Chief Operating Officer of Carvana Co. (CVNA), disposed of 646 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock units.
- The price per share was $247.48.
- Following the transaction, Huston directly owns 247,249 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of stock disposal transaction. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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