CVNA 2019 Proxy Statement

- 35 - NAME YEAR 401(K) PLAN COMPANY MATCH(i) NON-BUSINESS AIRCRAFT USAGE(ii) INCREMENTAL COST OF COMPANY CAR(iii) CELLPHONE EXPENSE(iv) TOTAL Ernest Garcia III 2018 (v) — — — — — 2017 — 12,782 — 3,367 16,149 2016 — 34,349 16,460 3,199 54,008 Mark Jenkins 2018 3,115 — 18,500 365 21,980 2017 — — 11,538 903 12,441 2016 — — 12,294 — 12,294 Benjamin Huston 2018 4,489 — 14,750 664 19,903 2017 4,200 — 18,896 938 24,034 2016 4,200 — 11,399 3,771 19,370 Ryan Keeton 2018 6,589 — 12,750 703 20,042 2017 6,300 — 12,750 2,638 21,688 2016 6,300 — 12,750 — 19,050 Daniel Gill 2018 1,523 — 11,250 384 13,157 2017 — — 11,250 386 17,451 2016 — — 11,250 — 11,250 (i) Represents discretionary matching contributions under our 401(k) Plan (ii) The 2016 and 2017 amounts for Mr. Garcia is the incremental cost to Carvana of flights relating to a personal event on the private aircraft operated by Bridgecrest Credit Company, f/k/a DT Credit Company, LLC (“Bridgecrest”), an affiliate of DriveTime, and leased by Carvana. See “Certain Relationships and Related Party Transactions – Relationship with DriveTime – Aircraft Time Sharing Agreement.” The incremental cost to Carvana of aircraft used under the aircraft time sharing agreement for a non-business flight is calculated by multiplying the aircraft’s per-mile variable operating cost by a flight’s total mileage, which includes the mileage of an empty return flight. Variable operating costs include: (1) landing, parking, passenger ground transportation, crew travel, and flight planning services expenses; (2) supplies, catering, and crew traveling expenses; (3) aircraft fuel and oil expenses; (4) maintenance, parts, and external labor (inspections and repairs); and (5) any customs, foreign permit, and similar fees. Fixed costs that do not vary based upon usage are not included in the calculation of direct operating cost. On certain occasions, a named executive officer or a named executive officer’s spouse or other family member may fly on the corporate aircraft as additional passengers. No additional direct operating cost is incurred in such situations under the foregoing methodology because the costs would not be incremental. Carvana does not pay its named executive officers any amounts in respect of taxes (so-called gross- up payments) on income imputed to them for non-business aircraft usage. (iii) The incremental cost of the company car to us has been calculated based on the depreciation value of the vehicle. (iv) Represents the cost of company-paid cell phone service. (v) Mr. Garcia’s “All Other Compensation” for 2018 was less than $10,000. GRANTS OF PLAN-BASED AWARDS NAME GRANT DATE ESTIMATED FUTURE PAYOUTS UNDER NON-EQUITY INCENTIVE PLAN AWARDS (1) ESTIMATED FUTURE PAYOUTS UNDER EQUITY INCENTIVE PLAN AWARDS (2) ALL OTHER STOCK AWARDS: NUMBER OF SHARES OF STOCK OR UNITS (#) ALL OTHER OPTION AWARDS: NUMBER OF SECURITIES UNDERLYING OPTIONS (#) EXERCISE OR BASE PRICE OF OPTION AWARDS ($/SH) GRANT DATE FAIR VALUE OF STOCK AND OPTION AWARDS (3) THRESHOLD ($) TARGET ($) MAXIMUM ($) THRESHOLD (#) TARGET (#) MAXIMUM (#) Ernest Garcia III 4/30/2018 0 266,667 530,667 — — — — — — $ — 4/30/2018 — — — 0 14,572 14,572 — — — $ 393,298 7/28/2018 — — — — — — 13,987 — — $ 618,365 7/28/2018 — — — — — — — 15,988 $44.21 $ 428,329