David W. Hult - Mar 7, 2022 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Role: President & CEO, Director
Signature: /s/George A. Villasana, Attorney In-Fact
Stock symbol: ABG
Transactions as of: Mar 7, 2022
Transactions value $: -$439,909
Form type: 4
Date filed: 3/9/2022, 03:25 PM
Previous filing: Mar 7, 2022
Next filing: Feb 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABG	Common Stock	Options Exercise	$0	+5.11K	+10.03%	$0.00	56K	Mar 7, 2022	Direct	F1
transaction	ABG	Common Stock	Tax liability	-$440K	-2.31K	-4.11%	$190.85	53.7K	Mar 7, 2022	Direct

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	Award	$0	+15.3K		$0.00	15.3K	Mar 7, 2022	Common Stock	15.3K		Direct	F2
transaction	ABG	Performance Share Units	Options Exercise	$0	-5.11K	-33.33%	$0.00	10.2K	Mar 7, 2022	Common Stock	5.11K		Direct	F2

* 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 3, 2021. This transaction represents the vesting of one-third of this award.
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 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 vests on February 3, 2023 and the remaining one-third vests on February 3, 2024.

Content

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 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 vests on February 3, 2023 and the remaining one-third vests on February 3, 2024.