and are directly tied to the performance of the company and shareholder outcomes. We will continue to utilize rigorous governance processes to
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although very few have our growth trajectory. The Compensation and Nominating Committee
the committee reviewed both peer-group proxy data and information from survey databases
the committee established financial performance goals that were challenging and reflective of Carvana’s fiscal 2018
255 RSUs; Messrs. Jenkins and Huston would have received 14
may use a company-provided cellular phone; and each
all outstanding vested stock options and time-based RSUs of that executive will become fully exercisable or vested. An executive
the Compensation and Nominating Committee approved the adoption of a “clawback” policy
and forfeiture of incentive awards in the event the executive engages in various types of conduct deemed detrimental
including theft or fraud against Carvana and engaging in competition with Carvana;
gross profit per unit ex-Gift and EBITDA margin ex-Gift as performance metrics
as described above under “Compensation Discussion and
and B4 Units (all as defined above in the “Outstanding Equity Awards at 2018 Fiscal Year End” table).
we amended and restated Carvana Group’s existing
LLC Unitholders (and certain permitted transferees thereof) may exchange at any time their LLC Units for