ABG (NYSE: ABG) CFO Welch logs 282-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Asbury Automotive Group SVP & CFO Michael Welch reported a small insider transaction involving company common stock. On February 19, he disposed of 282 shares at a price of $229.78 per share in a transaction coded as a tax-withholding disposition. This was not an open-market sale, but shares withheld by the company to cover taxes due when one-third of previously granted restricted share units vested. After this withholding event, Welch directly owned 14,482 shares of Asbury Automotive Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Welch Michael
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 282 | $229.78 | $65K |
Holdings After Transaction:
Common Stock — 14,482 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ABG executive Michael Welch report?
Michael Welch reported a tax-withholding disposition of 282 ABG shares. The shares were withheld to cover taxes when one-third of his restricted share units vested, rather than sold in an open-market transaction.
Was the ABG Form 4 transaction an open-market sale of stock?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 282 shares were withheld by Asbury Automotive Group to pay taxes due on the vesting of restricted share units.