Form 4: Asbury Automotive Exec Sells Shares for Tax Withholding
Insider Transaction Report
Dean Calloway, SVP, General Counsel & Secretary of Asbury Automotive Group, disposed of shares to cover tax obligations related to equity vesting.
Summary
- Dean Calloway, SVP, General Counsel & Secretary of Asbury Automotive Group Inc. (ABG), reported a disposition of common stock.
- The transactions occurred on February 20, 2026, and were made pursuant to a Rule 10b5-1 plan.
- A total of 103 shares were withheld for taxes upon the vesting of one-third of restricted share units granted on February 20, 2024.
- An additional 82 shares were withheld for taxes upon the vesting of one-third of performance share units granted on February 20, 2024.
- Both dispositions were executed at a price of $223.21 per share.
- Following these transactions, Calloway beneficially owns 6,762 shares and 6,680 shares, representing separate holdings after each specific transaction.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine tax-related disposition of shares upon equity vesting, which is a common and non-discretionary aspect of executive compensation.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that tax-related dispositions of shares upon equity vesting are a routine and non-discretionary event for executives receiving equity compensation, common across all industries, including the automotive retail sector.
Stakeholder Impact
- Shareholders: Minimal impact as it's a routine, non-discretionary transaction by an insider, not indicative of a change in sentiment or company fundamentals.
- Employees: Indicates the continued vesting of equity compensation for executives, which is a standard part of compensation packages.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Grant date of restricted and performance share units, one-third of which vested on February 20, 2026. |
| 02/20/2026 | Date of common stock disposition for tax withholding upon vesting of restricted and performance share units. |
| 02/23/2026 | Date Form 4 was signed by Dean Calloway. |
Keywords
Asbury Automotive Group, ABG, Dean Calloway, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Equity Vesting, Restricted Stock Units, Performance Stock Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.