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Asbury Automotive Form 144 Files Sale of 1,132 Common Shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Asbury Automotive Group (ABG) filed a Form 144 reporting a proposed sale of 1,132 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $286,689.41 and approximately 19,660,638 shares outstanding. The filing shows the shares were acquired by the selling person via restricted stock vesting under a registered plan: 906 shares vested on 02/16/2025 and 226 shares vested on 02/20/2025, with payment dates matching acquisition dates. The filing indicates no securities were sold by the person in the past three months and includes the required representation that the signer is not aware of undisclosed material adverse information about the issuer.

Positive

  • Transaction transparency: Filing provides clear broker, acquisition dates, and quantities for the proposed sale.
  • Acquisitions were via restricted stock vesting: Shares were acquired under a registered plan on 02/16/2025 and 02/20/2025, showing routine compensation-related activity.

Negative

  • None.

Insights

TL;DR: Small insider sale relative to outstanding shares; proceeds listed, no recent prior sales.

The Form 144 reports a proposed sale of 1,132 common shares valued at $286,689.41, executed through Morgan Stanley Smith Barney LLC and scheduled on the NYSE. The shares were recently acquired via restricted stock vesting in February 2025 (906 and 226 shares). There are no reported sales by the account in the prior three months. Given the outstanding share count of 19,660,638, the position disclosed represents a de minimis portion of the company’s float, suggesting limited immediate market impact based solely on quantity disclosed.

TL;DR: Filing appears procedural and compliant, including required representations about material nonpublic information.

The submission includes standard Form 144 elements: broker identification, acquisition details, and the signer’s attestation regarding undisclosed material adverse information. The acquisitions arose from restricted stock vesting under a registered plan, and the filer certifies no known undisclosed adverse information. The absence of other recent sales and the filing’s completeness as presented indicate routine compliance with Rule 144 disclosure requirements.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does Asbury Automotive Group's (ABG) Form 144 report?

The Form 144 reports a proposed sale of 1,132 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $286,689.41.

When were the shares that are being sold acquired?

The shares were acquired via restricted stock vesting on 02/16/2025 (906 shares) and 02/20/2025 (226 shares).

How many Asbury shares are outstanding according to the filing?

The filing lists approximately 19,660,638 shares outstanding.

Were any securities sold by this person in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Which broker is handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.
Asbury Automotive Group Inc

NYSE:ABG

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