Form 4: Carvana Executive Paul Breaux Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paul Breaux, Vice President, General Counsel, & Secretary of Carvana Co., sold shares of Class A Common Stock on April 2, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On April 2, 2024, Paul Breaux, an officer of Carvana Co., sold a total of 5,239 shares of Class A Common Stock.
- The sales were executed in multiple transactions at prices ranging from $82.40 to $83.43 per share.
- The sales were made to cover required taxes upon the vesting of restricted stock units.
- Following the reported transactions, Breaux beneficially owns 109,793 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The document reflects a neutral event (an executive selling shares to cover taxes). It's a routine transaction and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure related to insider stock sales to cover tax obligations, which is a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of stock sale transactions. |
| 04/03/2024 | Date of signature on the SEC Form 4 filing. |
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