Form 4: Carvana Executive Stephen R. Palmer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Stephen R. Palmer, Vice President of Accounting at Carvana, disposed of 645 shares of Class A Common Stock to cover tax obligations upon vesting of restricted stock units on May 1, 2025.
Summary
- On May 1, 2025, Stephen R. Palmer, Vice President of Accounting at Carvana Co., disposed of 645 shares of Class A Common Stock.
- The disposal was to cover tax obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $251.87 per share.
- Following the transaction, Palmer directly owns 49,235 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 05/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Carvana, CVNA, Stephen R. Palmer, Stock Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership, Class A Common Stock
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