Form 4: Asbury Automotive Group SVP Dean Calloway Reports Stock Transactions
SEC Form 4 Filing
Dean Calloway, SVP, General Counsel & Secretary of Asbury Automotive Group, reports the withholding of shares for tax payments upon vesting of performance and restricted share units.
Summary
- Dean Calloway, a Senior Vice President, General Counsel, and Secretary at Asbury Automotive Group, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates that shares of common stock were withheld to cover tax obligations related to the vesting of performance share units and restricted share units.
- These transactions occurred on February 14, 2025, and February 16, 2025.
- The prices at which shares were withheld were $299.72 and $303.37.
- Following these transactions, Calloway directly owns 4,038 shares of Asbury Automotive Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of performance share units grant. |
| 02/14/2023 | Date of performance and restricted share units grant. |
| 07/03/2024 | Date of Form 3 report with rounding error. |
| 02/14/2025 | Shares withheld for tax payment upon vesting of performance share units and restricted share units. |
| 02/16/2025 | Shares withheld for tax payment upon vesting of restricted and performance share units. |
| 02/19/2025 | Date of signature on the Form 4. |
Keywords
Form 4, Beneficial Ownership, Asbury Automotive Group, Stock Transactions, Dean Calloway, ABG
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