BREAUX PAUL W. 4
4 · CARVANA CO. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
Carvana (CVNA) VP/GC Paul Breaux Receives 14,096 RSUs; 5,829 Withheld
What Happened
Paul W. Breaux, Vice President, General Counsel & Secretary of Carvana Co. (CVNA), had 14,096 performance-based restricted stock units (RSUs vest) on April 29, 2026 (reported as an acquisition at $0.00). To satisfy tax withholding upon vesting, 5,829 shares were withheld/disposed at $396.59 per share, totaling $2,311,723. The RSUs were originally granted January 24, 2024, and the performance condition was met so they vested on April 29, 2026.
Key Details
- Transaction date: April 29, 2026. Filing date: May 1, 2026 (filed within typical 2-business-day window).
- Received (A): 14,096 shares at $0.00 (vesting of RSUs).
- Withheld/Disposed for taxes (F): 5,829 shares at $396.59 each = $2,311,723.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes: F1 — RSUs granted under a Jan 24, 2024 Performance RSU Award Agreement; performance condition satisfied and RSUs vested on 4/29/2026. F2 — the 5,829 shares were withheld to cover tax liability upon vesting.
- Transaction codes: A = award/acquisition via vesting; F = tax withholding (disposition).
Context: This was not an open-market buy or sell for investment purposes but a routine vesting of performance RSUs with shares withheld to cover taxes (a common cashless/withholding mechanism). Such withholding transactions reflect tax obligations on vested awards rather than a discretionary sale of shares by the insider.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-04-29+14,096→ 78,514 total - Tax Payment
Class A Common Stock
[F2]2026-04-29$396.59/sh−5,829$2,311,723→ 72,685 total
Footnotes (2)
- [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.
- [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.