Asbury (ABG) Form 4: Officer Jed Milstein reports sale of 1,132 shares

Rhea-AI Filing Summary

Jed Milstein, identified as an officer (SVP & CHRO) of Asbury Automotive Group, Inc. (ticker ABG), reported a sale of 1,132 shares of the issuer's common stock on 08/22/2025 at a reported price of $253.26 per share. Following this transaction the Form 4 shows he beneficially owned 11,267 shares. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact, Dean Calloway, with a signature date of 08/25/2025. The filing identifies the reporting person as an officer with the title SVP & CHRO and lists the issuer as Asbury Automotive Group, Inc. (ABG).

Positive

• Timely disclosure of the insider sale via a filed Form 4
• Clear reporting of transaction date, price ($253.26) and post-transaction beneficial ownership (11,267 shares)

Negative

• Insider disposed of 1,132 shares, reducing beneficial ownership (no contextual explanation provided in the filing)

Insights

Securities Analyst

TL;DR: Routine insider sale disclosed; timely Form 4 shows a modest reduction in holdings with no additional context provided.

The filing documents a straightforward sale of 1,132 shares at $253.26 on 08/22/2025 by Jed Milstein, an officer (SVP & CHRO) of ABG. This is a compliance disclosure required under Section 16. The remaining beneficial ownership of 11,267 shares is recorded, but the filing contains no information on whether the sale was part of a pre-arranged plan or for personal liquidity needs. From a market-impact perspective, the transaction size appears modest relative to typical public-company free float and contains no new operational or financial data about the company.

Corporate Governance Expert

TL;DR: Filing meets Section 16 disclosure requirements; signature by attorney-in-fact indicates delegated filing authority.

The Form 4 fulfills insider reporting obligations by disclosing the officer's sale and post-transaction holdings. The signature block shows the form was executed by an attorney-in-fact, which is an accepted practice when properly authorized. The form does not state any 10b5-1 plan or other arrangement, and it contains no remarks explaining the rationale for the sale. Absent additional governance disclosures, this remains a routine transparency filing rather than a governance concern.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Milstein Jed

(Last) (First) (Middle)

C/O ASBURY AUTOMOTIVE GROUP, INC.

2905 PREMIERE PARKWAY NW, SUITE 300

(Street)

DULUTH GA 30097

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ASBURY AUTOMOTIVE GROUP INC [ ABG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CHRO

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		S		1,132	D	$253.26	11,267	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/Dean Calloway, Attorney In-Fact	08/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jed Milstein report in the Form 4 for ABG?

The Form 4 reports a sale of 1,132 shares of Asbury Automotive Group (ABG) common stock on 08/22/2025 at $253.26 per share and shows 11,267 shares owned after the transaction.

What is Jed Milstein's role at ABG as stated in the filing?

The filing identifies Jed Milstein as an officer with the title SVP & CHRO of Asbury Automotive Group, Inc.

Was the Form 4 signed by the reporting person?

The Form 4 was signed by an attorney-in-fact, Dean Calloway, with a signature date of 08/25/2025.

Does the filing state that the sale was under a 10b5-1 plan?

No. The Form 4 provided does not include any statement that the transaction was made pursuant to a 10b5-1 trading plan.

Who is the issuer and what is the ticker symbol?

The issuer is Asbury Automotive Group, Inc. and the ticker shown on the filing is ABG.