Form 4: Asbury Automotive Group SVP Jed Milstein Reports Stock Transactions
SEC Form 4 Filing
Jed Milstein, SVP & CHRO of Asbury Automotive Group, reports the vesting of performance share units and subsequent stock transactions.
Summary
- On March 6, 2024, Jed Milstein, SVP & CHRO of Asbury Automotive Group, had performance share units vest, which converted into 572 shares of common stock.
- Milstein also disposed of 257 shares to cover tax obligations at a price of $205.27 per share.
- Following these transactions, Milstein directly owns 12,255 shares of common stock and 1,146 performance share units.
- The performance share units were granted on February 14, 2023, and vest in three tranches.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining performance share units will vest on February 14, 2025, and February 14, 2026.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| February 14, 2023 | Date of grant for the performance share units. |
| March 6, 2024 | Date of vesting and transactions involving performance share units and common stock. |
| March 7, 2024 | Date of signature for the Form 4 filing. |
| February 14, 2025 | Date of next vesting tranche for performance share units. |
| February 14, 2026 | Date of final vesting tranche for performance share units. |
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