BREAUX PAUL W. 4
Research Summary
AI-generated summary
Carvana (CVNA) General Counsel Paul Breaux Withholds 710 Shares for Taxes
What Happened
Paul W. Breaux, Vice President, General Counsel, Secretary and Chief Compliance Officer of Carvana Co. (CVNA), had 710 shares of Class A common stock withheld to cover taxes upon the vesting of restricted stock units (RSUs). The withholding was recorded at $401.11 per share, totaling approximately $284,788. This was a tax-withholding disposition of shares, not an open-market sale or purchase.
Key Details
- Transaction date: 2026-02-01; reported on Form 4 filed 2026-02-03. Filing appears timely.
- Transaction type/code: F — shares withheld to satisfy tax withholding obligations upon RSU vesting.
- Shares withheld/disposed: 710 shares at $401.11 per share; total value ≈ $284,788.
- Footnote: Represents shares withheld for taxes on vested restricted stock units (RSUs).
- Shares owned after transaction: Not specified in the provided filing.
Context
Tax-withholding transactions are routine when RSUs vest: the company retains (or "withholds") some shares to pay the employee's tax liability. These transactions do not necessarily indicate the insider is bearish or making a discretionary sale — they are administrative actions tied to compensation.