Form 4: Kenningham Daryl reports disposition transactions in GPI
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kenningham Daryl reported disposition transactions in a Form 4 filing for GPI. The filing lists transactions totaling 1,581 shares at a weighted average price of $333.15 per share. Following the reported transactions, holdings were 45,275 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kenningham Daryl
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 563 | $333.15 | $188K |
| Tax Withholding | Common Stock | 1,018 | $333.15 | $339K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 45,275.45 shares (Direct);
Common Stock — 22,482.46 shares (Indirect, Kenningham Management Trust)
Footnotes (1)
FAQ
What insider activity did GPI President & CEO Daryl Kenningham report on this Form 4?
Daryl Kenningham reported two dispositions of Group 1 Automotive common stock used to cover tax obligations. These were coded as tax-withholding transactions, not open-market sales, and relate to shares delivered to satisfy exercise price or tax liabilities.
Were Daryl Kenningham’s GPI transactions open-market sales?
No, the Form 4 classifies both transactions as tax-withholding dispositions under code F. This indicates shares were delivered to cover exercise price or tax liabilities, rather than being sold in ordinary open-market trading for investment purposes.
What indirect GPI holdings does the Kenningham Management Trust report?
The filing reports 22,482.46 Group 1 Automotive shares as indirectly owned through the Kenningham Management Trust. These shares are categorized as indirect ownership, distinguishing them from the CEO’s directly held shares, and indicate an additional layer of reported beneficial interest.
Does this GPI Form 4 show any purchases or sales by the CEO?
The summary data show no buys or open-market sells. It records two dispose-type transactions, both tax-withholding dispositions, and one holding entry for indirect shares. The filing therefore reflects administrative tax-related activity rather than investment-driven buying or selling.