Jed Milstein - Mar 7, 2022 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Role
SVP & CHRO
Signature
/s/George A. Villasana, Attorney In-Fact
Stock symbol
ABG
Transactions as of
Mar 7, 2022
Transactions value $
-$73,286
Form type
4
Date filed
3/9/2022, 03:26 PM
Previous filing
Feb 18, 2022
Next filing
May 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Options Exercise $0 +851 +5.66% $0.00 15.9K Mar 7, 2022 Direct F1
transaction ABG Common Stock Tax liability -$73.3K -384 -2.42% $190.85 15.5K 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 +2.56K $0.00 2.56K Mar 7, 2022 Common Stock 2.56K Direct F2
transaction ABG Performance Share Units Options Exercise $0 -851 -33.31% $0.00 1.7K Mar 7, 2022 Common Stock 851 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.