ACV Auctions (ACVA) VP receives 28,736 RSUs and covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACV Auctions Inc. executive Andrew Peer received a grant of 28,736 shares of Common Stock in the form of a restricted stock unit (RSU) award. The RSUs will vest in twelve substantially equal quarterly installments beginning on July 1, 2026, as long as he remains in continuous service.
On the same date, a total of 3,409 shares of Common Stock were withheld at $4.27 per share to cover tax liabilities triggered by the vesting of a previously granted time-based RSU award. The company notes this withholding does not represent a discretionary sale by Peer. After these transactions, he directly holds 97,800 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Peer Andrew
Role
VP, Corporate Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,736 | $0.00 | -- |
| Tax Withholding | Common Stock | 696 | $4.27 | $3K |
| Tax Withholding | Common Stock | 743 | $4.27 | $3K |
| Tax Withholding | Common Stock | 1,057 | $4.27 | $5K |
| Tax Withholding | Common Stock | 913 | $4.27 | $4K |
Holdings After Transaction:
Common Stock — 101,209 shares (Direct)
Footnotes (1)
- Represents a restricted stock unit ("RSU") award. The RSUs will vest in twelve (12) substantially equal quarterly installments beginning July 1, 2026, subject to the Reporting Person's continuous service through each such date. These shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock unit previously granted, and does not represent a discretionary sale by the reporting person.
Key Figures
RSU award size: 28,736 shares
Tax-withheld shares: 3,409 shares
Withholding price: $4.27 per share
+2 more
5 metrics
RSU award size
28,736 shares
Restricted stock unit grant to Andrew Peer
Tax-withheld shares
3,409 shares
Shares withheld to cover RSU tax liability
Withholding price
$4.27 per share
Value used for tax-withholding dispositions
Post-transaction holdings
97,800 shares
Common Stock directly held by Andrew Peer after transactions
Vesting schedule
12 quarterly installments
RSUs vesting from July 1, 2026, subject to continuous service
Key Terms
restricted stock unit ("RSU") award, vest in twelve (12) substantially equal quarterly installments, continuous service, tax liability, +1 more
5 terms
restricted stock unit ("RSU") award financial
"Represents a restricted stock unit ("RSU") award."
vest in twelve (12) substantially equal quarterly installments financial
"The RSUs will vest in twelve (12) substantially equal quarterly installments"
continuous service financial
"subject to the Reporting Person's continuous service through each such date"
tax liability financial
"withheld by the Issuer to cover the tax liability upon the vesting"
time-based restricted stock unit financial
"upon the vesting of a time-based restricted stock unit previously granted"
FAQ
What did ACV Auctions (ACVA) executive Andrew Peer receive in this Form 4 filing?
Andrew Peer received a grant of 28,736 shares of Common Stock as a restricted stock unit award. This equity compensation aligns his interests with shareholders and will vest over time, subject to his continued service with ACV Auctions Inc.
How do the new RSUs for ACV Auctions (ACVA) VP Andrew Peer vest?
The 28,736 restricted stock units vest in twelve substantially equal quarterly installments starting July 1, 2026. Each vesting date requires Andrew Peer to remain in continuous service with ACV Auctions, spreading the economic benefit over several years and supporting retention.
Were any of Andrew Peer’s ACV Auctions (ACVA) transactions open-market buys or sells?
No open-market purchases or sales are reported. The filing shows one equity award acquisition and four tax-withholding dispositions. The dispositions represent shares withheld by the issuer to cover tax liabilities from RSU vesting, not discretionary trading activity.