Carvana (NYSE: CVNA) exec has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CARVANA CO. executive Taira Thomas reported an automatic share disposition related to equity compensation. On the reported date, 3,949 shares of Class A Common Stock were withheld at $67.87 per share to cover tax obligations arising from the vesting of restricted stock units. After this tax-withholding event, Thomas directly held 311,126 shares, indicating this was a routine compensation-related transaction rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taira Thomas
Role
President, Special Projects
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,949 | $67.87 | $268K |
Holdings After Transaction:
Class A Common Stock — 311,126 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,949 shares
Transaction price per share: $67.87 per share
Shares held after transaction: 311,126 shares
+1 more
4 metrics
Shares withheld for taxes
3,949 shares
Tax-withholding disposition on vested restricted stock units
Transaction price per share
$67.87 per share
Price used for reporting the tax-withholding transaction
Shares held after transaction
311,126 shares
Direct Class A Common Stock holdings following the event
Tax-withholding transactions
1 transaction, 3,949 shares
Summary of tax-withholding activity in this Form 4
Key Terms
restricted stock units, Class A Common Stock, tax-withholding disposition, Form 4
4 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 the 3,949 withheld shares"
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.
Form 4 regulatory
"footnote to the Form 4 filing describing the tax-withholding event"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CARVANA (CVNA) report for Taira Thomas?
CARVANA disclosed that executive Taira Thomas had 3,949 Class A shares withheld to satisfy taxes on vesting restricted stock units. This filing reflects a routine compensation-related tax-withholding event, not an open-market purchase or sale of stock by the executive.
Was the CARVANA (CVNA) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 3,949 Class A shares were withheld by CARVANA to cover tax liabilities triggered when restricted stock units vested, as described in the footnote to the Form 4 filing.
What triggered the CARVANA (CVNA) tax-withholding disposition on the Form 4?
The disposition was triggered by the vesting of restricted stock units previously granted to executive Taira Thomas. CARVANA withheld 3,949 Class A shares to satisfy related tax obligations, as explicitly stated in the Form 4 footnote describing the transaction.