Form 4: Carvana GC Paul Breaux Reports RSU Vesting

Carvana Co. General Counsel Paul Breaux reported the vesting of 14,096 restricted stock units and the subsequent withholding of shares for tax obligations.

Summary

• Paul Breaux, Vice President, General Counsel, and Secretary of Carvana Co., acquired 14,096 shares of Class A Common Stock upon the vesting of performance-based restricted stock units (RSUs).
• The transaction occurred on April 29, 2026, following the satisfaction of performance conditions established in a January 24, 2024 agreement.
• A total of 5,829 shares were withheld by the company to satisfy tax withholding obligations at a price of $396.59 per share.
• Following these transactions, the reporting person holds 72,685 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation and does not indicate a change in company strategy or financial health.

Positives

• The vesting of performance-based RSUs indicates that specific corporate performance targets were successfully met by the executive and the company.

Negatives

• The transaction involved a mandatory tax withholding, which is a standard administrative process but results in a reduction of the total shares held by the executive.

Risks

• None identified in this filing.

Future Outlook

No forward-looking guidance provided in this filing.

Management Comments

• The performance condition for the RSUs reported herein has been met.

Industry Context

StockSavvy.ai notes that executive equity vesting is a standard component of compensation packages in the automotive retail and e-commerce sectors, reflecting alignment between management incentives and long-term shareholder value.

Comparison to Industry Standards

• The use of performance-based RSU vesting is consistent with standard executive compensation practices among large-cap public companies.
• Tax withholding upon vesting is a standard regulatory and administrative practice for equity-based compensation.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine equity compensation event.

Next Steps

• None mentioned.

Key Dates

Keywords

Carvana, CVNA, Insider Trading, Form 4, Restricted Stock Units, Corporate Governance