David W. Hult - 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
-$7,629,934
Form type
4
Filing time
07 Feb 2023, 16:45:19 UTC
Previous filing
09 Mar 2022
Next filing
16 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Tax liability $297,062 -1,229 -2.3% $241.71 52,507 03 Feb 2023 Direct F1
transaction ABG Common Stock Options Exercise $0 +5,110 +9.7% $0.000000 57,617 03 Feb 2023 Direct F2
transaction ABG Common Stock Tax liability $557,142 -2,305 -4% $241.71 55,312 03 Feb 2023 Direct F3
transaction ABG Common Stock Tax liability $420,615 -1,730 -3.1% $243.13 53,582 04 Feb 2023 Direct F4
transaction ABG Common Stock Options Exercise $0 +4,887 +9.1% $0.000000 58,469 04 Feb 2023 Direct F5
transaction ABG Common Stock Tax liability $536,102 -2,205 -3.8% $243.13 56,264 04 Feb 2023 Direct F6
transaction ABG Common Stock Sale $367,760 -1,600 -2.8% $229.85 54,664 07 Feb 2023 Direct F7, F8
transaction ABG Common Stock Sale $989,740 -4,287 -7.8% $230.87 50,377 07 Feb 2023 Direct F7, F9
transaction ABG Common Stock Sale $1,395,598 -6,022 -12% $231.75 44,355 07 Feb 2023 Direct F7, F10
transaction ABG Common Stock Sale $583,432 -2,504 -5.6% $233.00 41,851 07 Feb 2023 Direct F7, F11
transaction ABG Common Stock Sale $1,438,521 -6,147 -15% $234.02 35,704 07 Feb 2023 Direct F7, F12
transaction ABG Common Stock Sale $1,035,233 -4,403 -12% $235.12 31,301 07 Feb 2023 Direct F7, F13
transaction ABG Common Stock Sale $8,730 -37 -0.12% $235.94 31,264 07 Feb 2023 Direct F7

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 -5,110 -50% $0.000000 5,110 03 Feb 2023 Common Stock 5,110 Direct F14
transaction ABG Performance Share Units Options Exercise $0 -4,887 -100% $0.000000* 0 04 Feb 2023 Common Stock 4,887 Direct F15
* 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 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.
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.
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.
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.
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.
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.
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.
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.