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Carvana officer Breaux reports RSU vesting, tax withholding

Carvana Co. officer Paul W. Breaux reported equity compensation activity involving Class A Common Stock.

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carvana Co. officer Paul W. Breaux reported equity compensation activity involving Class A Common Stock. On April 29, 2026, a performance-based equity award granted on January 24, 2024 fully vested after its performance condition was met, delivering 14,096 shares. To cover tax obligations associated with this vesting, 5,829 shares were disposed of through share withholding at a reported price of $396.59 per share. Following these transactions, Breaux directly holds 72,685 shares of Carvana Class A Common Stock.

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Insider BREAUX PAUL W.
Role See Remarks
Type Security Shares Price Value
Grant/Award Class A Common Stock 14,096 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Stock 5,829 $396.59 $2.31M
Holdings After Transaction: Class A Common Stock — 72,685 shares (Direct)
Footnotes (2)
  1. F1. Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026.
  2. F2. Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement.
RSU shares vested 14,096 shares Performance-based equity award vesting on April 29, 2026
Shares withheld for taxes 5,829 shares Tax withholding upon RSU vesting on April 29, 2026
Tax withholding price $396.59 per share Value applied to 5,829 shares withheld for taxes
Post-transaction holdings 72,685 shares Direct Class A Common Stock held after reported transactions
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted on January 24, 2024"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Performance Restricted Stock Unit Award Agreement financial
"under the Reporting Person's Performance Restricted Stock Unit Award Agreement"
withheld for taxes financial
"Represents shares of Class A Common Stock of the Issuer withheld for taxes"

FAQ

What transactions did Carvana (CVNA) officer Paul W. Breaux report on April 29, 2026?

Paul W. Breaux reported 14,096 shares of Carvana Class A Common Stock acquired from a performance-based equity award vesting and 5,829 shares disposed of via tax withholding on April 29, 2026.

How many Carvana (CVNA) shares does Paul W. Breaux hold after this Form 4?

After the reported transactions, Paul W. Breaux directly holds 72,685 shares of Carvana Class A Common Stock, reflecting his position following the vesting of performance-based restricted stock units and related tax withholding.

What equity award for Carvana (CVNA) did Paul W. Breaux have vest in 2026?

A performance-based restricted stock unit award granted on January 24, 2024 to Paul W. Breaux fully vested on April 29, 2026, delivering shares of Carvana Class A Common Stock once its performance condition was satisfied.

Why were 5,829 Carvana (CVNA) shares disposed of in Paul W. Breaux’s Form 4?

The 5,829 shares of Carvana Class A Common Stock reported as disposed were withheld to satisfy tax obligations arising upon the vesting of performance-based restricted stock units under Breaux’s award agreement.

At what price were the tax-withheld Carvana (CVNA) shares valued in Paul W. Breaux’s filing?

The 5,829 shares withheld for taxes in connection with the RSU vesting were reported at a price of $396.59 per share, reflecting the value used for the tax-withholding disposition.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BREAUX PAUL W.

(Last)(First)(Middle)
C/O CARVANA CO.
300 E. RIO SALADO PKWY

(Street)
TEMPE ARIZONA 85281

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock04/29/2026A14,096(1)A$078,514D
Class A Common Stock04/29/2026F5,829(2)D$396.5972,685D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted on January 24, 2024 under the Reporting Person's Performance Restricted Stock Unit Award Agreement between Carvana Co. and the Reporting Person, dated January 24, 2024. The performance condition for the RSUs reported herein has been met, and all RSUs reported herein vested on April 29, 2026.
2. Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of RSUs under the Performance Restricted Stock Unit Award Agreement.
Remarks:
Vice President, General Counsel, & Secretary
/s/ Paul Breaux05/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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