Carvana CPO Daniel Gill Receives 119,883-Share RSU Award

What Happened

• Daniel J. Gill, Chief Product Officer of Carvana Co. (CVNA), was granted 119,883 restricted stock units (RSUs) reported on 2026-08-03 (acquired at $0). On 2026-08-01, 7,707 shares were withheld/disposed to cover taxes at a price of $62.36 per share, representing proceeds of $480,609. The RSU grant is a compensation award (not an open-market purchase).

Key Details

• Transaction dates and prices:
  • 2026-08-01: 7,707 shares withheld/sold for taxes at $62.36 each — proceeds $480,609 (tax withholding; Form 4 code F).
  • 2026-08-03: 119,883 RSUs granted/acquired at $0 (Form 4 code A).
• Shares owned after the transactions: Not specified in the filing.
• Footnotes:
  • F1: The 7,707 shares represent shares withheld to satisfy tax obligations upon RSU vesting.
  • F2: The 119,883 RSUs vest 25% on April 1, 2027 and monthly thereafter over the next three years, subject to continued service.
• Filing timing: Report filed 2026-08-04 for transactions on 2026-08-01 and 2026-08-03 — appears to be timely (filed within a few days).

Context

• RSU grants are a common form of executive compensation and do not require an outlay from the executive; the award vests over time and is intended to retain employees. The withholding/sale of shares to cover taxes is routine and primarily administrative, not necessarily a signal of confidence or concern about the stock.