Form 4: Asbury Automotive Group SVP & CHRO Jed Milstein Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Jed Milstein, SVP & CHRO of Asbury Automotive Group, reports the disposal of common stock to cover tax obligations related to vesting of performance and restricted share units.
Summary
- On February 14, 2025, Jed Milstein, SVP & CHRO of Asbury Automotive Group, disposed of 170 shares of common stock at $299.72 to cover taxes related to vesting of performance share units granted on February 14, 2023.
- An additional 120 shares were disposed of on the same day at the same price to cover taxes related to the vesting of restricted share units granted on February 14, 2023.
- On February 16, 2025, 147 shares were disposed of at $303.37 to cover taxes related to the vesting of restricted share units granted on February 16, 2022.
- Also on February 16, 2025, 472 shares were disposed of at $303.37 to cover taxes related to the vesting of performance share units granted on February 16, 2022.
- Following these transactions, Milstein directly owns 9,593 shares of Asbury Automotive Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of insider transactions, specifically the disposal of shares to cover tax obligations arising from the vesting of stock-based compensation. Such transactions are common among executives of publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent routine stock disposals for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Grant date of performance share units and restricted share units. |
| 02/14/2023 | Grant date of performance share units and restricted share units. |
| 02/14/2025 | Date of stock disposal for tax obligations related to vesting of share units. |
| 02/16/2025 | Date of stock disposal for tax obligations related to vesting of share units. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Asbury Automotive Group, Jed Milstein, stock disposal, Form 4, insider trading, performance share units, restricted share units, tax obligations, ABG
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