secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001628280-24-026315
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

ACV Auctions grants PSUs to six executives with stock price condition
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- New performance share units (PSUs) granted to six executives subject to a stock price condition.
- Vesting: one-third on July 1, 2025, 2026, 2027, contingent on achieving designated average closing price.
- Grants: CEO Chamoun 91,705 PSUs; CFO Zerella 60,912; Mehta, Waterman 60,912 each; Anderson, Fitzgerald 40,102 each.
- If stock price condition unmet by July 1, 2027, all unvested PSUs forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000162828024026315/0001628280-24-026315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000162828024026315/acva-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-026315

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer