Form 4 for ABG ASBURY AUTOMOTIVE GROUP INC
Accepted 2023-02-07 00:00:00 ET · period of report 2023-02-03 · accession 0001144980-23-000014 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-07 | 2023-02-03+ | ABG | Hult David W | Pres, CEO, Dir | F - Tax | $242.46 | -7,469 | 52.5K | -12% | -$1.81M |
| DM | 2023-02-07 | 2023-02-03+ | ABG | Hult David W | Pres, CEO, Dir | M - OptEx | $0.00 | +9,997 | 57.6K | +21% | $0 |
| DM | 2023-02-07 | 2023-02-07 | ABG | Hult David W | Pres, CEO, Dir | S - Sale+OE | $232.76 | -25.0K | 50.4K | -33% | -$5.82M |
| DM | 2023-02-07 | 2023-02-03+ | ABG | Hult David W | Pres, CEO, Dir | M - OptEx | $0.00 | -9,997 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-03 | F | D | 2,305 | $241.71 | 55,312 | D | — | — | (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 3, 2021. |
| 2 | Common | Common Stock | 2023-02-04 | F | D | 1,730 | $243.13 | 53,582 | D | — | — | (F4) 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. |
| 3 | Common | Common Stock | 2023-02-04 | M | A | 4,887 | $0.00 | 58,469 | D | — | — | (F5) 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. |
| 4 | Common | Common Stock | 2023-02-04 | F | D | 2,205 | $243.13 | 56,264 | D | — | — | (F6) 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. |
| 5 | Common | Common Stock | 2023-02-07 | S | D | 1,600 | $229.85 | 54,664 | D | — | — | (F7) 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. (F8) 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. |
| 6 | Common | Common Stock | 2023-02-03 | F | D | 1,229 | $241.71 | 52,507 | D | — | — | (F1) 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. |
| 7 | Common | Common Stock | 2023-02-07 | S | D | 6,022 | $231.75 | 44,355 | D | — | — | (F7) 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. (F10) 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. |
| 8 | Common | Common Stock | 2023-02-07 | S | D | 2,504 | $233.00 | 41,851 | D | — | — | (F7) 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. (F11) 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. |
| 9 | Common | Common Stock | 2023-02-07 | S | D | 6,147 | $234.02 | 35,704 | D | — | — | (F7) 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. (F12) 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. |
| 10 | Common | Common Stock | 2023-02-07 | S | D | 4,403 | $235.12 | 31,301 | D | — | — | (F7) 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. (F13) 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. |
| 11 | Common | Common Stock | 2023-02-07 | S | D | 37 | $235.94 | 31,264 | D | — | — | (F7) 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. |
| 12 | Common | Common Stock | 2023-02-03 | M | A | 5,110 | $0.00 | 57,617 | D | — | — | (F2) 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. |
| 13 | Common | Common Stock | 2023-02-07 | S | D | 4,287 | $230.87 | 50,377 | D | — | — | (F7) 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. (F9) 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. |
| 14 | Derivative | Performance Share Units | 2023-02-03 | M | D | 5,110 | $0.00 | 5,110 | D | — · — to — | 5,110 Common Stock | (F14) 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. |
| 15 | Derivative | Performance Share Units | 2023-02-04 | M | D | 4,887 | $0.00 | 0 | D | — · — to — | 4,887 Common Stock | (F15) 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. |