Asbury Automotive (ABG) director gets 932-share award, 327 withheld
Rhea-AI Filing Summary
Asbury Automotive Group director Thomas Reddin reported equity compensation and related tax withholding in company stock. On February 9, 2026, he received a grant of 932 shares of common stock as a restricted stock award for serving on the Board of Directors, which vested immediately upon grant. On the same date, 327 shares of common stock were withheld at $225.21 per share to cover taxes due upon the vesting of previously granted restricted share units. After these transactions, Reddin directly owned 11,470 shares of Asbury Automotive Group common stock.
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FAQ
What insider transaction did ABG director Thomas Reddin report?
Director Thomas Reddin reported a grant of 932 shares of Asbury Automotive Group common stock as a restricted stock award for Board service. He also reported 327 shares withheld to cover taxes upon vesting of earlier restricted share units.
How many ABG shares does director Thomas Reddin own after this Form 4?
After the reported transactions, Thomas Reddin directly owns 11,470 shares of Asbury Automotive Group common stock. This figure reflects the new 932-share award and the 327 shares withheld for tax obligations on vested restricted share units.
What was the purpose of the 932-share stock award to ABG director Thomas Reddin?
The 932-share award was restricted stock granted as compensation for serving on the Board of Directors of Asbury Automotive Group. According to the disclosure, this restricted stock award vested immediately upon grant on February 9, 2026.
Why were 327 ABG shares withheld in Thomas Reddin’s Form 4 filing?
The Form 4 states that 327 shares of Asbury Automotive Group common stock were withheld to pay taxes due when restricted share units vested on February 9, 2026. This is reported under transaction code F for tax-withholding disposition.
At what price were the 327 withheld ABG shares valued for taxes?
The 327 Asbury Automotive Group shares withheld for tax purposes were valued at $225.21 per share. This price is used to calculate the tax-withholding amount when the previously granted restricted share units vested on February 9, 2026.
Does the ABG Form 4 show a market purchase or sale by Thomas Reddin?
The Form 4 shows a stock grant of 932 shares as Board compensation and a tax-withholding disposition of 327 shares. It does not report any open-market purchase or sale transactions by director Thomas Reddin.