Daniel Clara - Feb 3, 2023 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Role
SVP, Operations
Signature
/s/George A. Villasana, Attorney In-Fact
Stock symbol
ABG
Transactions as of
Feb 3, 2023
Transactions value $
-$344,970
Form type
4
Date filed
2/7/2023, 04:44 PM
Previous filing
Mar 9, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Tax liability -$59.5K -246 -1.62% $241.71 15K Feb 3, 2023 Direct F1
transaction ABG Common Stock Options Exercise $0 +1.02K +6.83% $0.00 16K Feb 3, 2023 Direct F2
transaction ABG Common Stock Tax liability -$111K -461 -2.88% $241.71 15.5K Feb 3, 2023 Direct F3
transaction ABG Common Stock Tax liability -$76.6K -315 -2.03% $243.13 15.2K Feb 4, 2023 Direct F4
transaction ABG Common Stock Options Exercise $0 +889 +5.84% $0.00 16.1K Feb 4, 2023 Direct F5
transaction ABG Common Stock Tax liability -$97.5K -401 -2.49% $243.13 15.7K Feb 4, 2023 Direct F6

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 -1.02K -50% $0.00 1.02K Feb 3, 2023 Common Stock 1.02K Direct F7
transaction ABG Performance Share Units Options Exercise $0 -889 -100% $0.00* 0 Feb 4, 2023 Common Stock 889 Direct F8
* 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 restricted share units granted on February 3, 2021.
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.
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.
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.
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.
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.
F7 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.
F8 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 vested on February 4, 2022 and the remaining one-third vested on February 4, 2023.