George A. Villasana - Mar 3, 2023 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Signature
/s/George A. Villasana
Stock symbol
ABG
Transactions as of
Mar 3, 2023
Transactions value $
-$3,571,084
Form type
4
Date filed
3/7/2023, 03:50 PM
Previous filing
Feb 16, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Sale -$1.31M -5.46K -27.85% $240.00 14.2K Mar 3, 2023 Direct
transaction ABG Common Stock Sale -$519K -2.18K -15.4% $238.16 12K Mar 3, 2023 Direct F1
transaction ABG Common Stock Sale -$335K -1.4K -11.69% $239.29 10.6K Mar 3, 2023 Direct F2
transaction ABG Common Stock Sale -$413K -1.72K -16.27% $240.20 8.85K Mar 3, 2023 Direct F3
transaction ABG Common Stock Sale -$48.2K -200 -2.26% $240.92 8.65K Mar 3, 2023 Direct F4
transaction ABG Common Stock Options Exercise $0 +1.22K +14.07% $0.00 9.87K Mar 6, 2023 Direct F5
transaction ABG Common Stock Tax liability -$131K -549 -5.56% $238.02 9.32K Mar 6, 2023 Direct F6
transaction ABG Common Stock Sale -$524K -2.2K -23.63% $238.01 7.12K Mar 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 Award $0 +3.65K $0.00 3.65K Mar 6, 2023 Common Stock 3.65K Direct F8
transaction ABG Performance Share Units Options Exercise -$290K -1.22K -33.32% $238.02 2.44K Mar 6, 2023 Common Stock 1.22K Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average share price of an aggregate total of 2,180 shares of Issuer's common stock sold in the price range of $237.80 to $238.59 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.
F2 Represents the weighted average share price of an aggregate total of 1,400 shares of Issuer's common stock sold in the price range of $238.80 to $239.74 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.
F3 Represents the weighted average share price of an aggregate total of 1,720 shares of Issuer's common stock sold in the price range of $239.80 to $240.79 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.
F4 Represents the weighted average share price of an aggregate total of 200 shares of Issuer's common stock sold in the price range of $240.80 to $241.05 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.
F5 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.
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 16, 2022.
F7 Represents the weighted average share price of an aggregate total of 2,202 shares of Issuer's common stock sold in the price range of $237.88 to $238.10 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 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.