Palmer Stephen R 4
Research Summary
AI-generated summary
Carvana VP Stephen Palmer Sells 651 Shares to Cover Taxes
What Happened
- Stephen R. Palmer, Vice President of Accounting at Carvana Co. (CVNA), had 651 shares of Class A common stock withheld/disposed to cover tax withholding upon the vesting of restricted stock units. The shares were valued at $382.60 each, for a total value of $249,073, per the Form 4 reporting a 2026-05-01 transaction.
Key Details
- Transaction date: 2026-05-01; Filing date (Form 4): 2026-05-05.
- Price per share: $382.60; Total value: $249,073.
- Transaction code: F (tax withholding upon vesting of RSUs).
- Footnote: F1 — shares withheld for taxes upon RSU vesting.
- Shares owned after the transaction: not specified in the supplied filing summary.
Context
- This was a tax-withholding disposition related to RSU vesting (a routine administrative action), not an open-market sale intended as a directional bet on the stock. Such withholdings are common when restricted stock units vest and do not by themselves indicate insider sentiment.