David W. Hult - Feb 16, 2024 Form 4 Insider Report for ASBURY AUTOMOTIVE GROUP INC (ABG)

Role
President & CEO, Director
Signature
/s/George A. Villasana, Attorney In-Fact
Stock symbol
ABG
Transactions as of
Feb 16, 2024
Transactions value $
-$2,221,147
Form type
4
Date filed
2/20/2024, 05:22 PM
Previous filing
Feb 16, 2024
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABG Common Stock Options Exercise $0 +6.09K +14.55% $0.00 48K Feb 16, 2024 Direct F1
transaction ABG Common Stock Tax liability -$604K -2.73K -5.69% $221.34 45.2K Feb 16, 2024 Direct F2
transaction ABG Common Stock Tax liability -$269K -1.21K -2.68% $221.34 44K Feb 16, 2024 Direct F3

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 -$1.35M -6.09K -50% $221.34 6.09K Feb 16, 2024 Common Stock 6.09K Direct F4
* 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 number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted share units granted on February 16, 2022.
F4 Represents 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 vested on February 16, 2024 and the remaining one-third vests on February 16, 2025.