David W. Hult - 07 Feb 2022 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Role
President & CEO, Director
Signature
/s/George A. Villasana, Attorney In-Fact
Issuer symbol
ABG
Transactions as of
07 Feb 2022
Transactions value $
-$1,041,342
Form type
4
Filing time
08 Feb 2022, 15:33:43 UTC
Previous filing
07 Feb 2022
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Tax liability -$362K -2.39K -3.66% $151.49 62.9K 07 Feb 2022 Direct F1
transaction ABG Common Stock Options Exercise $0 +9.94K +15.81% $0.00 72.8K 07 Feb 2022 Direct F2
transaction ABG Common Stock Tax liability -$679K -4.48K -6.16% $151.49 68.3K 07 Feb 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ABG Performance Share Units Options Exercise $0 -9.94K -100% $0.00* 0 07 Feb 2022 Common Stock 9.94K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of a restricted stock award granted on February 7, 2019.
F2 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, 2020. 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 7, 2019 vested upon certification of the objectives having been met, which occurred on March 5, 2020, an additional one-third vested on February 7, 2021 and the remaining one-third vested on February 7, 2022.
F3 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 7, 2019.