Jed Milstein - 16 Feb 2024 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Role
SVP & CHRO
Signature
/s/George A. Villasana, Attorney In-Fact
Issuer symbol
ABG
Transactions as of
16 Feb 2024
Transactions value $
-$146,306
Form type
4
Filing time
20 Feb 2024, 17:21:03 UTC
Previous filing
16 Feb 2024
Next filing
22 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Options Exercise $0 +1,056 +10.68% $0 10,941 16 Feb 2024 Direct F1
transaction ABG Common Stock Tax liability -$104,915 -474 -4.33% $221.34 10,467 16 Feb 2024 Direct F2
transaction ABG Common Stock Tax liability -$41,390 -187 -1.79% $221.34 10,280 16 Feb 2024 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 -1,056 -50% $0 1,056 16 Feb 2024 Common Stock 1,056 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 16, 2022. This transaction represents the vesting of one-third of this award.
F2 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 16, 2022.
F3 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 16, 2022.
F4 Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 6, 2023. 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 16, 2022 vested upon certification of the objectives having been met, which occurred on March 6, 2023, an additional one-third vested on February 16, 2024 and the remaining one-third vests on February 16, 2025.