Jed Milstein - Feb 3, 2023 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
Feb 3, 2023
Transactions value $
-$1,090,110
Form type
4
Date filed
2/7/2023, 04:46 PM
Previous filing
May 4, 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 -$49.1K -203 -1.79% $241.71 11.1K Feb 3, 2023 Direct F1
transaction ABG Common Stock Options Exercise $0 +852 +7.65% $0.00 12K Feb 3, 2023 Direct F2
transaction ABG Common Stock Tax liability -$93.1K -385 -3.21% $241.71 11.6K Feb 3, 2023 Direct F3
transaction ABG Common Stock Tax liability -$157K -645 -5.56% $243.13 11K Feb 4, 2023 Direct F4
transaction ABG Common Stock Options Exercise $0 +711 +6.49% $0.00 11.7K Feb 4, 2023 Direct F5
transaction ABG Common Stock Tax liability -$78K -321 -2.75% $243.13 11.4K Feb 4, 2023 Direct F6
transaction ABG Common Stock Sale -$713K -3.05K -26.87% $233.81 8.3K Feb 7, 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 -852 -50% $0.00 852 Feb 3, 2023 Common Stock 852 Direct F8
transaction ABG Performance Share Units Options Exercise $0 -711 -100% $0.00* 0 Feb 4, 2023 Common Stock 711 Direct F9
* 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 the weighted average share price of an aggregate total of 3,050 shares of Issuer's common stock sold in the price range of $233.77 to $234.01 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.
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 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.
F9 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 vests on February 4, 2023.