Asbury Automotive (ABG) COO reports tax-withholding stock dispositions on equity vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Asbury Automotive Group Chief Operating Officer Clara Daniel reported routine share dispositions to cover taxes tied to equity awards. On February 20, 2026, she had 274 shares of common stock withheld at $223.21 per share for taxes on vesting restricted share units, and 328 shares withheld at the same price for taxes on vesting performance share units. These were tax-withholding transfers rather than open-market stock sales, and she continued to hold several thousand Asbury shares directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clara Daniel
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 274 | $223.21 | $61K |
| Tax Withholding | Common Stock | 328 | $223.21 | $73K |
Holdings After Transaction:
Common Stock — 8,954 shares (Direct)
Footnotes (1)
- Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of one-third of the restricted share units granted on February 20, 2024. Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of one-third of the performance share units granted on February 20, 2024
FAQ
What insider transaction did Asbury Automotive (ABG) report for Clara Daniel?
Asbury Automotive reported that COO Clara Daniel had shares withheld to cover taxes on equity awards. Two Form 4 transactions show tax-withholding dispositions of common stock related to vesting restricted and performance share units, rather than open-market purchases or sales.
Were Clara Daniel’s Asbury (ABG) transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 lists code F, indicating shares were withheld to pay tax obligations when restricted and performance share units vested, meaning the dispositions were administrative tax-withholding events instead of discretionary stock sales.
What equity awards triggered the Asbury (ABG) tax-withholding dispositions?
The tax-withholding dispositions were triggered by vesting of one-third of restricted share units and one-third of performance share units. Both awards were originally granted on February 20, 2024, and partially vested one year later, prompting the issuer to withhold shares for tax payments.