Asbury Automotive (NYSE: ABG) exec has shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Asbury Automotive Group executive Nathan Edward Briesemeister reported a small, routine share disposition tied to equity compensation. On the transaction date, 26 shares of common stock were withheld at $229.78 per share to cover taxes when one-third of previously granted restricted share units vested. After this tax-withholding disposition, he directly holds 1,857 shares of Asbury Automotive Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Briesemeister Nathan Edward
Role
VP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 26 | $229.78 | $6K |
Holdings After Transaction:
Common Stock — 1,857 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Asbury Automotive Group (ABG) report for Nathan Briesemeister?
Asbury Automotive Group reported that executive Nathan Edward Briesemeister had 26 shares of common stock withheld to pay taxes upon vesting of restricted share units, a routine tax-withholding disposition, leaving him with 1,857 directly held shares.
Was the Asbury Automotive Group (ABG) Form 4 transaction an open-market sale?
No, the Form 4 does not show an open-market sale. It reports a code F tax-withholding disposition, where 26 shares were withheld by the issuer to satisfy tax obligations when restricted share units vested.
What does transaction code F mean in the Asbury Automotive Group (ABG) Form 4?
Transaction code F in this Form 4 indicates shares were withheld to pay taxes or exercise costs. Here, 26 shares were withheld to satisfy tax liabilities arising from the vesting of restricted share units granted to the executive.
What triggered the tax-withholding disposition reported by Asbury Automotive Group (ABG)?
The tax-withholding disposition was triggered by the vesting of one-third of restricted share units granted on February 19, 2025. When these units vested, 26 shares of common stock were withheld to cover the associated tax obligations.