Form 4: Asbury Automotive Group CEO David Hult Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
David Hult, President & CEO of Asbury Automotive Group, reports the disposal of common stock to cover tax obligations related to vesting share units.
Summary
- David Hult, the President and CEO of Asbury Automotive Group, filed a Form 4 detailing changes in beneficial ownership.
- On February 14, 2025, Hult disposed of 1,827 shares of common stock at $299.72 to cover taxes related to vesting performance share units granted on February 14, 2023.
- He also disposed of 1,282 shares at $299.72 to cover taxes on restricted share units vesting from a grant on February 14, 2023.
- On February 16, 2025, Hult disposed of 1,209 shares at $303.37 for taxes on restricted share units vesting from a grant on February 16, 2022.
- Additionally, 2,719 shares were disposed of at $303.37 to cover taxes on performance share units vesting from a grant on February 16, 2022.
- Following these transactions, Hult directly owns 56,379 shares of Asbury Automotive Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CEO, trade in their company's stock. These filings provide transparency to investors about the trading activities of those with privileged information.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of grant of performance share units and restricted share units. |
| 02/14/2023 | Date of grant of performance share units and restricted share units. |
| 02/14/2025 | Date of stock disposal for tax obligations related to vesting share units. |
| 02/16/2025 | Date of stock disposal for tax obligations related to vesting share units. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Disposal, Tax Obligations, Asbury Automotive Group, David Hult, ABG, Shares
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