Carvana Co. (NYSE: CVNA) CEO reports 134,707-share award and tax withholding
Rhea-AI Filing Summary
Carvana Co. Chief Executive Officer Ernest C. Garcia III reported an equity compensation award and related tax withholding in Class A Common Stock. He acquired 134,707 shares on August 3, 2026 through restricted stock units that vest 25% on April 1, 2027 and monthly over the following three years, conditioned on continued service. On August 1, 2026, 7,069 shares were withheld at $62.36 per share to satisfy tax obligations upon vesting of prior restricted stock units. Garcia is also reported as indirect owner of 2,250,000 shares through the Ernest C. Garcia III Multi-Generational Trust III and 1,750,000 shares through the Ernest Irrevocable 2004 Trust III, where he serves as Investment Trustee and Co-Administrative Trustee.
Positive
- None.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 127,638 shares
Net Buy
4 txns
Insider
GARCIA ERNEST C. III
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F2 | 134,707 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 7,069 | $62.36 | $441K |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 4,723,869 shares (Direct);
Class A Common Stock — 2,250,000 shares (Indirect, Ernest C. Garcia III Multi-Generational Trust III);
Class A Common Stock — 1,750,000 shares (Indirect, Ernest Irrevocable 2004 Trust III)
Footnotes (4)
- F1. Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.
- F2. Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2027 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.
- F3. These shares of Class A common stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
- F4. These shares of Class A common stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
Key Figures
Stock award shares: 134,707 shares
Tax withholding shares: 7,069 shares
Tax withholding price: $62.36 per share
+4 more
7 metrics
Stock award shares
134,707 shares
Class A Common Stock underlying RSUs granted on August 3, 2026
Tax withholding shares
7,069 shares
Shares withheld for taxes upon RSU vesting on August 1, 2026
Tax withholding price
$62.36 per share
Price used for 7,069 withheld shares on August 1, 2026
Multi-Generational Trust holdings
2,250,000 shares
Indirect Class A Common Stock held by Ernest C. Garcia III Multi-Generational Trust III
Irrevocable Trust holdings
1,750,000 shares
Indirect Class A Common Stock held by Ernest Irrevocable 2004 Trust III
Initial vesting tranche
25%
Portion of RSU award vesting on April 1, 2027
Remaining vesting period
3 years
RSU award vests monthly after April 1, 2027 for three years
Key Terms
restricted stock units, withheld for taxes, Multi-Generational Trust, Irrevocable Trust, +1 more
5 terms
restricted stock units financial
"underlying restricted stock units acquired by the Reporting Person"
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.
withheld for taxes financial
"shares of Class A Common Stock of the Issuer withheld for taxes"
Multi-Generational Trust financial
"held directly by the Ernest C. Garcia III Multi-Generational Trust III"
Irrevocable Trust financial
"held directly by the Ernest Irrevocable 2004 Trust III"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Co-Administrative Trustee financial
"The Reporting Person is the Investment Trustee and Co-Administrative Trustee"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Carvana (CVNA) CEO Ernest C. Garcia III report?
Ernest C. Garcia III reported an equity award and related tax withholding in Carvana Class A shares. He received 134,707 shares via restricted stock units and had 7,069 shares withheld to cover taxes upon vesting of earlier awards, with no open-market purchases or sales disclosed.
What were the tax withholding details in Ernest C. Garcia III’s Carvana (CVNA) filing?
The filing shows 7,069 shares of Class A Common Stock withheld at $62.36 per share for taxes. This withholding occurred on August 1, 2026 upon vesting of restricted stock units from various prior awards, rather than through an open-market sale transaction.
What vesting schedule applies to Ernest C. Garcia III’s new Carvana (CVNA) RSU award?
The restricted stock units vest 25% on April 1, 2027, with the remainder vesting monthly for three years. All vesting is conditioned on Garcia’s continued service with Carvana Co., meaning shares are earned gradually rather than all at once.