Carvana (NYSE: CVNA) CFO covers tax bill with 1,405 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carvana Co.'s Chief Financial Officer Mark W. Jenkins reported a routine tax-withholding event involving company stock. On the reported date, 1,405 shares of Class A Common Stock were withheld at $382.60 per share to cover taxes due upon vesting of restricted stock units.
These shares were not sold in an open-market transaction but used to satisfy tax obligations tied to equity compensation. After this withholding, Jenkins directly holds 208,722 shares of Carvana Class A Common Stock, indicating he retains a substantial equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JENKINS MARK W.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,405 | $382.60 | $538K |
Holdings After Transaction:
Class A Common Stock — 208,722 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,405 shares
Withholding price per share: $382.60 per share
Shares held after transaction: 208,722 shares
3 metrics
Shares withheld for taxes
1,405 shares
Class A Common Stock withheld for RSU tax obligations
Withholding price per share
$382.60 per share
Value used for 1,405 withheld shares
Shares held after transaction
208,722 shares
Directly held Carvana Class A shares after withholding
Key Terms
restricted stock units, Class A Common Stock, tax-withholding disposition
3 terms
restricted stock units financial
"withheld for taxes upon vesting of restricted stock units pursuant to various awards"
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.
Class A Common Stock financial
"Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 1,405 shares at $382.6000"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Carvana (CVNA) CFO Mark W. Jenkins report on this Form 4?
Carvana CFO Mark W. Jenkins reported a tax-related share disposition. 1,405 Class A shares were withheld at $382.60 per share to cover taxes upon restricted stock unit vesting, leaving him with 208,722 directly held shares afterward.
Was the Carvana (CVNA) CFO’s Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. The 1,405 Class A shares were withheld by Carvana to satisfy tax obligations on vested restricted stock units, as described in the footnote, rather than sold on the open market.