Asbury Automotive (NYSE: ABG) CEO granted 14,261 shares, sells 5,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Asbury Automotive Group President & CEO David W. Hult reported multiple stock transactions. On March 5, 2026, performance share units previously granted converted into 14,261 shares of common stock after the company’s performance objectives were certified as met.
On the same date, 2,113 shares were withheld to cover taxes upon vesting of those performance share units. On March 6, 2026, Hult sold 1,604 shares at a weighted average price of $204.73 and 3,396 shares at a weighted average price of $205.63. After these transactions, he directly owned 90,683 shares of Asbury Automotive common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares ($1,026,706)
Net Buy
4 txns
Insider
Hult David W
Role
President & CEO
Bought
5,000 shs ($1.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,604 | $204.73 | $328K |
| Purchase | Common Stock | 3,396 | $205.63 | $698K |
| Grant/Award | Common Stock | 14,261 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,113 | $212.48 | $449K |
Holdings After Transaction:
Common Stock — 87,287 shares (Direct)
Footnotes (1)
- Represents a grant of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 5, 2026. 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 19, 2025 vested upon certification of the objectives having been met, which occurred on March 5, 2026, an additional one-third vests on February 19, 2027 and the remaining one-third vests on February 19, 2028. 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 19, 2025. Represents the weighted average share price of an aggregate total of 1,604 shares of Issuer's common stock sold in the price range of $204.31 to $205.27 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. Represents the weighted average share price of an aggregate total of 3,396 shares of Issuer's common stock sold in the price range of $205.39 to $205.66 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.
FAQ
What insider transactions did ABG CEO David Hult recently report?
David Hult reported a grant of 14,261 shares from vested performance share units, tax withholding of 2,113 shares, and open-market sales of 1,604 and 3,396 Asbury Automotive shares around $205 each, leaving him with 90,683 directly owned shares.