David W. Hult - 06 Mar 2023 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Role
President & CEO, Director
Signature
/s/George A. Villasana, Attorney In-Fact
Issuer symbol
ABG
Transactions as of
06 Mar 2023
Net transactions value
-$653,841
Form type
4
Filing time
07 Mar 2023, 15:48:57 UTC
Previous filing
23 Feb 2023
Next filing
06 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Options Exercise $0 +6,089 +16% $0.000000 44,306 06 Mar 2023 Direct F1
transaction ABG Common Stock Tax liability $653,841 -2,747 -6.2% $238.02 41,559 06 Mar 2023 Direct F2

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 +18,269 $0.000000 18,269 06 Mar 2023 Common Stock 18,269 Direct F3
transaction ABG Performance Share Units Options Exercise $0 -6,089 -33% $0.000000 12,180 06 Mar 2023 Common Stock 6,089 Direct F3
* 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 16, 2022. This transaction represents the vesting of one-third of this award.
F2 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 16, 2022.
F3 Represents the vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 6, 2023. 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 16, 2022 vested upon certification of the objectives having been met, which occurred on March 6, 2023, an additional one-third vests on February 16, 2024 and the remaining one-third vests on February 16, 2025.