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 acquisition of 553 shares and disposal of 55 shares of common stock on March 6, 2025.
Summary
- On March 6, 2025, Dean Calloway, SVP, General Counsel & Secretary of Asbury Automotive Group, reported transactions involving the company's common stock.
- Calloway acquired 553 shares of common stock through the vesting of performance share units.
- 55 shares were disposed of to cover tax obligations related to the vesting of these units at a price of $260.55.
- Following these transactions, Calloway directly owns 5,825 shares of Asbury Automotive Group's common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider, with no inherent positive or negative sentiment.
Future Outlook
One-third of the performance share units granted on February 20, 2024, vested on March 6, 2025, with additional vesting dates on February 20, 2026, and February 20, 2027.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine insider trading activity related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 20, 2024 | Date of grant of performance share units. |
| March 6, 2025 | Date of transactions: acquisition of 553 shares and disposal of 55 shares. |
| March 6, 2025 | Date of certification of performance objectives being met. |
| February 20, 2026 | Date of vesting of an additional one-third of the performance share units. |
| February 20, 2027 | Date of vesting of the remaining one-third of the performance share units. |
| 03/10/2025 | Date of signature. |
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