Form 4: Asbury Automotive Group VP, Controller & CAO Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, reports acquisition and disposal of common stock related to performance share units vesting.
Summary
- On March 6, 2025, Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, reported changes in beneficial ownership.
- He acquired 277 shares of common stock at $0 due to the vesting of performance share units.
- Additionally, 28 shares were disposed of at $260.55 to cover tax obligations related to the vesting.
- Following these transactions, Briesemeister directly owns 1,706 shares of Asbury Automotive Group common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and achievement of performance objectives.
Positives
- The vesting of performance share units indicates that the Issuer met certain performance objectives.
Future Outlook
The remaining performance share units will vest on February 20, 2026, and February 20, 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies like Asbury Automotive Group. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The vesting of performance share units aligns management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| February 20, 2024 | Date of grant for the performance share units. |
| March 6, 2025 | Date of transaction: acquisition of shares due to vesting and disposal of shares for tax obligations. |
| March 10, 2025 | Date of signature for the Form 4 filing. |
| February 20, 2026 | Date of second vesting tranche for the performance share units. |
| February 20, 2027 | Date of final vesting tranche for the performance share units. |
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