Daniel Clara - 03 Feb 2023 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Signature
/s/George A. Villasana, Attorney In-Fact
Issuer symbol
ABG
Transactions as of
03 Feb 2023
Net transactions value
-$344,970
Form type
4
Filing time
07 Feb 2023, 16:44:58 UTC
Previous filing
09 Mar 2022
Next filing
09 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Tax liability $59,461 -246 -1.6% $241.71 14,967 03 Feb 2023 Direct F1
transaction ABG Common Stock Options Exercise $0 +1,022 +6.8% $0.000000 15,989 03 Feb 2023 Direct F2
transaction ABG Common Stock Tax liability $111,428 -461 -2.9% $241.71 15,528 03 Feb 2023 Direct F3
transaction ABG Common Stock Tax liability $76,586 -315 -2% $243.13 15,213 04 Feb 2023 Direct F4
transaction ABG Common Stock Options Exercise $0 +889 +5.8% $0.000000 16,102 04 Feb 2023 Direct F5
transaction ABG Common Stock Tax liability $97,495 -401 -2.5% $243.13 15,701 04 Feb 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 -1,022 -50% $0.000000 1,022 03 Feb 2023 Common Stock 1,022 Direct F7
transaction ABG Performance Share Units Options Exercise $0 -889 -100% $0.000000* 0 04 Feb 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.