Form 4: Asbury Automotive Group Executive Reports Stock Transactions
SEC Form 4 Filing
Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, reports the withholding of shares for tax obligations upon vesting of performance and restricted share units.
Summary
- On February 14, 2025, Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, had shares withheld for tax obligations.
- 31 shares were withheld at $299.72 per share related to the vesting of performance share units granted on February 14, 2023.
- 32 shares were withheld at $299.72 per share related to the vesting of restricted share units granted on February 14, 2023.
- Following these transactions, Briesemeister directly owns 1,237 shares of Asbury Automotive Group stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investor confidence and market regulation.
Key Dates
| Date | Description |
|---|---|
| 02/14/2023 | Date of grant for performance share units and restricted share units. |
| 02/14/2025 | Date of transaction: shares withheld for taxes upon vesting of share units. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Asbury Automotive Group, ABG, Insider Trading, Stock Transaction, Beneficial Ownership, Briesemeister, Executive Compensation
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