Carvana (CVNA) CEO Ernest C. Garcia III Receives RSU Award

What Happened Ernest C. Garcia III, CEO of Carvana Co. (CVNA), was granted 134,707 restricted stock units (RSUs) on August 3, 2026 (reporting code A). To cover tax withholding upon vesting, 7,069 shares were withheld/disposed on August 1, 2026 at $62.36 per share, generating approximately $440,823 (reporting code F).

Key Details

• Transaction dates and amounts:
  • Aug 1, 2026: 7,069 shares withheld/sold for tax liability at $62.36 each — $440,823 (F).
  • Aug 3, 2026: Grant of 134,707 RSUs (A); grant price reported as $0.00 (typical for RSU awards).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: 7,069 shares withheld to satisfy tax withholding on vested awards.
  • F2: The 134,707 RSUs vest 25% on April 1, 2027 and then monthly over the following three years, subject to continued service.
  • F3/F4: Some Class A shares are held directly by related trusts (Ernest C. Garcia III is trustee/co-administrator), indicating holdings are partly in trust accounts.
• Filing timeliness: No late filing is indicated in the provided excerpt.

Context RSU grants are compensation awards and are not an open-market purchase; they indicate allocation of equity to the executive rather than a personal market bet. The withheld shares to cover taxes are a routine administrative step (code F) and do not necessarily signal sentiment. For retail investors, outright purchases or sales by insiders are typically more informative about personal conviction than standard grant and tax-withholding transactions.