Form 4: Asbury Automotive Group Executive Dean Calloway Reports Stock Transaction
SEC Form 4 Filing
Dean Calloway, SVP, General Counsel & Secretary of Asbury Automotive Group, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 20, 2025, Dean Calloway, SVP, General Counsel & Secretary of Asbury Automotive Group, Inc. (ABG), disposed of 69 shares of common stock to cover tax obligations.
- The shares were withheld for payment of taxes upon the vesting of one-third of the restricted share units granted on February 20, 2024.
- The transaction was executed at a price of $294.5 per share.
- Following the transaction, Calloway directly owns 5,327 shares of Asbury Automotive Group's common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This filing indicates a standard transaction related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Date of grant of restricted share units, one-third of which vested on 02/20/2025 |
| 02/20/2025 | Date of transaction: Disposition of shares for tax obligations. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Asbury Automotive Group, ABG, Dean Calloway, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Obligations, SEC Filing
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