ABG (NYSE: ABG) SVP and general counsel has 195 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ASBURY AUTOMOTIVE GROUP INC senior vice president, general counsel and secretary Dean Calloway reported a routine tax-related share disposition. On a restricted stock vesting event tied to an award granted on July 1, 2024, 195 shares of common stock were withheld to cover taxes.
After this withholding, Calloway directly holds 8,221 shares of Asbury Automotive common stock. The transaction was coded as a tax-withholding disposition (Code F), meaning it was not an open-market purchase or sale but an automatic mechanism to satisfy tax obligations on equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Calloway Dean
Role
SVP, General Counsel & Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 195 | $201.08 | $39K |
Holdings After Transaction:
Common Stock — 8,221 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 195 shares
Price per share: $201.08 per share
Shares owned after transaction: 8,221 shares
+1 more
4 metrics
Shares withheld for taxes
195 shares
Tax-withholding disposition on restricted stock vesting
Price per share
$201.08 per share
Value used for 195 withheld shares
Shares owned after transaction
8,221 shares
Direct ownership of common stock following withholding
Tax-withholding shares summary
195 shares
Total tax-withholding shares in transaction summary
Key Terms
tax-withholding disposition, restricted stock award, Common Stock, withheld for payment of taxes
4 terms
tax-withholding disposition financial
"The Form 4 describes the event as a tax-withholding disposition related to equity compensation."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock award financial
"Upon the vesting of a restricted stock award granted on July 1, 2024, shares were withheld."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Common Stock financial
"The transaction involves the issuer's Common Stock as the underlying security."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
withheld for payment of taxes financial
"The footnote states the shares were withheld for payment of taxes upon vesting."
FAQ
What insider transaction did ABG executive Dean Calloway report on this Form 4?
Dean Calloway reported shares withheld to pay taxes on a restricted stock vesting. The Form 4 shows 195 shares of Asbury Automotive common stock were withheld as a tax-withholding disposition, rather than sold in the open market, related to equity compensation.
What triggered the tax-withholding disposition reported for ABG on this Form 4?
The tax-withholding disposition was triggered by a restricted stock vesting. Footnotes explain that 195 shares of Asbury Automotive common stock were withheld to pay taxes when a restricted stock award, originally granted on July 1, 2024, vested.
What does transaction code "F" mean in the ABG Form 4 filing?
Transaction code "F" indicates a tax-withholding disposition. In this ABG filing, it signifies that 195 shares of common stock were withheld by the issuer to pay the reporting person's tax liability from a restricted stock award vesting, not an open-market trade.