Filing Details
- Accession Number:
- 0001144980-23-000014
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-07 17:45:19
- Reporting Period:
- 2023-02-03
- Accepted Time:
- 2023-02-07 17:45:19
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1144980 | Asbury Automotive Group Inc | ABG | Retail-Auto Dealers & Gasoline Stations (5500) | 010609375 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1524707 | W David Hult | C/O Asbury Automotive Group, Inc. 2905 Premiere Parkway Nw, Suite 300 Duluth GA 30097 | President & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2023-02-03 | 1,229 | $241.71 | 52,507 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-02-03 | 5,110 | $0.00 | 57,617 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-03 | 2,305 | $241.71 | 55,312 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2023-02-04 | 1,730 | $243.13 | 53,582 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-02-04 | 4,887 | $0.00 | 58,469 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-04 | 2,205 | $243.13 | 56,264 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2023-02-07 | 1,600 | $229.85 | 54,664 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-07 | 4,287 | $230.87 | 50,377 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-07 | 6,022 | $231.75 | 44,355 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-07 | 2,504 | $233.00 | 41,851 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-07 | 6,147 | $234.02 | 35,704 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-07 | 4,403 | $235.12 | 31,301 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-07 | 37 | $235.94 | 31,264 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Share Units | Disposition | 2023-02-03 | 5,110 | $0.00 | 5,110 | $0.00 |
| Common Stock | Performance Share Units | Disposition | 2023-02-04 | 4,887 | $0.00 | 4,887 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 5,110 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct |
Footnotes
- Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted share units granted on February 3, 2021.
- Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 3, 2021. This transaction represents the vesting of one-third of this award.
- Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on February 3, 2021.
- Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted share units granted on February 4, 2020.
- Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 4, 2020. This transaction represents the vesting of one-third of this award.
- Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on February 4, 2020.
- The reporting person sold shares as part of his annual financial planning strategy for asset diversification and estate planning purposes, which he has done in the past (March 2022) and may continue to do on an annual basis.
- Represents the weighted average share price of an aggregate total of 1,600 shares of Issuer's common stock sold in the price range of $229.26 to $230.22 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- Represents the weighted average share price of an aggregate total of 4,287 shares of Issuer's common stock sold in the price range of $230.30 to $231.25 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- Represents the weighted average share price of an aggregate total of 6,022 shares of Issuer's common stock sold in the price range of $231.33 to $232.30 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- Represents the weighted average share price of an aggregate total of 2,504 shares of Issuer's common stock sold in the price range of $232.57 to $233.53 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- Represents the weighted average share price of an aggregate total of 6,147 shares of Issuer's common stock sold in the price range of $233.62 to $234.60 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- Represents the weighted average share price of an aggregate total of 4,403 shares of Issuer's common stock sold in the price range of $234.63 to $235.38 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 7, 2022. Each performance share unit converts into one share of the Issuer's common stock upon vesting. One-third of the performance share units granted on February 3, 2021 vested upon certification of the objectives having been met, which occurred on March 7, 2022, an additional one-third vested on February 3, 2023 and the remaining one-third vests on February 3, 2024.
- Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 5, 2021. Each performance share unit converts into one share of the Issuer's common stock upon vesting. One-third of the performance share units granted on February 4, 2020 vested upon certification of the objectives having been met, which occurred on March 5, 2021, an additional one-third vests on February 4, 2022 and the remaining one-third vested on February 4, 2023.
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