Carvana director receives new restricted stock awards
Carvana Co. director Ira J. Platt reported stock-based awards of Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Carvana Co. director Ira J. Platt reported stock-based awards of Class A common stock. He acquired 407 shares underlying restricted stock units that vest immediately on grant and 782 shares underlying restricted stock units that vest 100% on May 1, 2027, both at no cash cost.
After these awards, he holds 37,294 shares directly, plus additional indirect Class A holdings through the Ira J. Platt Revocable Trust, The Georgiana Platt and Successors Remainder Trust, and the Platt Family Foundation, where he has voting and investment power but disclaims beneficial ownership except for his pecuniary interest.
Insider Trade Summary
Grant/Award: 1,189 shares
Grant/Award
5 txns
Insider
PLATT IRA J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 407 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 782 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 37,294 shares (Direct);
Class A Common Stock — 31,683 shares (Indirect, By Trust);
Class A Common Stock — 1,999 shares (Indirect, Platt Family Foundation)
Footnotes (5)
- F1. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. 100% of the restricted stock units vest immediately on grant.
- F2. Represents shares of Class A Common Stock of the Issuer underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 100% on May 1, 2027, subject to the Reporting Person's continued service with the Issuer as of such date.
- F3. These Class A Shares are held directly by the Ira J. Platt Revocable Trust (the "Revocable Trust"). The Reporting Person is co-trustee of the Revocable Trust, and the Reporting Person's spouse is the primary beneficiary of the Revocable Trust.
- F4. Represents shares of Class A common stock held directly by The Georgiana Platt and Successors Remainder Trust (the "Settlers Trust"). The Reporting Person's spouse is co-trustee and primary beneficiary of the Settlers Trust.
- F5. Represents shares of Class A common stock held by the Platt Family Foundation (the "Foundation"), a charitable organization. The Reporting Person has voting and investment power over all securities owned by the Foundation. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
Key Figures
Immediate-vest RSUs: 407 shares
Deferred-vest RSUs: 782 shares
Direct holdings after awards: 37,294 shares
+3 more
6 metrics
Immediate-vest RSUs
407 shares
Restricted stock units vest 100% immediately on grant
Deferred-vest RSUs
782 shares
Restricted stock units vest 100% on May 1, 2027
Direct holdings after awards
37,294 shares
Class A common stock held directly following reported transactions
Revocable Trust holdings
20,425 shares
Held by Ira J. Platt Revocable Trust; spouse is primary beneficiary
Remainder Trust holdings
11,258 shares
Held by The Georgiana Platt and Successors Remainder Trust
Foundation holdings
1,999 shares
Held by Platt Family Foundation; voting and investment power retained
Key Terms
restricted stock units, Revocable Trust, Remainder Trust, pecuniary interest, +1 more
5 terms
restricted stock units financial
"Represents shares of Class A Common Stock of Carvana Co. underlying restricted stock units acquired"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Revocable Trust financial
"These Class A Shares are held directly by the Ira J. Platt Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Remainder Trust financial
"held directly by The Georgiana Platt and Successors Remainder Trust"
pecuniary interest financial
"disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest"
beneficial ownership financial
"disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Carvana (CVNA) director Ira J. Platt report in this Form 4?
Ira J. Platt reported receiving stock-based awards of Class A common stock. He acquired 1,189 shares underlying restricted stock units, split between immediately vesting units and units vesting in 2027, as part of his director compensation, with no cash purchase involved.
When do Ira J. Platt’s new Carvana (CVNA) restricted stock units vest?
One RSU grant vests immediately on grant, covering 407 shares of Class A common stock. The second RSU grant, covering 782 shares, vests 100% on May 1, 2027, contingent on his continued service with Carvana through that vesting date.
What indirect Carvana (CVNA) holdings are associated with Ira J. Platt?
Indirect holdings include 20,425 shares in the Ira J. Platt Revocable Trust and 11,258 shares in The Georgiana Platt and Successors Remainder Trust. Additionally, 1,999 shares are held by the Platt Family Foundation, over which he has voting and investment power subject to ownership disclaimers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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