Group 1 Automotive (GPI) director awarded 575 restricted stock units
Rhea-AI Filing Summary
Group 1 Automotive, Inc. director Anne Taylor reported an equity award on a Form 4. On 01/02/2026, she acquired 575 restricted stock units with a conversion or exercise price of $0. Each restricted stock unit represents a contingent right to receive the cash value of one share of Group 1 Automotive common stock.
The restricted stock units will settle in a lump-sum cash payment on the date of the director's separation from service, as defined under Section 1.409A-1(h) of the Internal Revenue Code. Following this transaction, the reporting person beneficially owned 11,386 derivative securities directly.
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FAQ
What insider transaction did Group 1 Automotive (GPI) report for its director?
Group 1 Automotive director Anne Taylor reported acquiring 575 restricted stock units on 01/02/2026 under a Form 4 filing.
How many restricted stock units did the Group 1 Automotive (GPI) director receive?
The director received 575 restricted stock units, each linked to the cash value of one share of Group 1 Automotive common stock.
How are the Group 1 Automotive (GPI) director's restricted stock units settled?
The restricted stock units will be settled in a lump sum cash payment based on the value of Group 1 Automotive common stock on the director's separation from service.
When do the Group 1 Automotive (GPI) restricted stock units become payable?
The restricted stock units settle on the date of the director's separation from service, as defined in Section 1.409A-1(h) of the Internal Revenue Code.
What is the exercise price of the Group 1 Automotive (GPI) restricted stock units?
The restricted stock units have a stated conversion or exercise price of $0, reflecting their nature as cash-settled units rather than traditional stock options.
How many derivative securities does the Group 1 Automotive (GPI) director own after this transaction?
After the reported transaction, the director beneficially owned 11,386 derivative securities directly.