Form 4: Asbury Automotive Group Director Thomas Reddin Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Director Thomas Reddin of Asbury Automotive Group reports receiving a stock award and subsequent tax withholding, resulting in a net change in beneficial ownership.
Summary
- On February 19, 2025, Thomas Reddin, a director of Asbury Automotive Group, received 713 shares of common stock as compensation for serving on the Board of Directors.
- On the same day, 250 shares were withheld for the payment of taxes related to the stock grant at a price of $294.5 per share.
- Following these transactions, Reddin's direct ownership of Asbury Automotive Group common stock decreased from 11,115 to 10,865 shares.
Sentiment
Score: 7
Explanation: The document reflects standard compensation practices and insider transactions, suggesting a neutral to slightly positive sentiment as it indicates continued director involvement and investment in the company.
Positives
- The stock award indicates continued confidence in Asbury Automotive Group by compensating its directors with company stock.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies. It provides transparency into the compensation and stock ownership of company directors.
Stakeholder Impact
- Shareholders are informed about director compensation and stock ownership.
- Employees may view this as a sign of director confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock award and tax withholding. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
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