Form 4: Asbury Automotive Group VP, Controller & CAO Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, reports disposing of 35 shares of common stock to cover tax obligations upon vesting of restricted share units.
Summary
- On February 20, 2025, Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, disposed of 35 shares of common stock.
- The transaction was to cover tax obligations related to the vesting of restricted share units granted on February 20, 2024.
- The shares were disposed of at a price of $294.5 per share.
- Following the transaction, Briesemeister directly owns 1,457 shares of Asbury Automotive Group's common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations upon the vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Date of grant of restricted share units, one-third of which vested on 02/20/2025. |
| 02/20/2025 | Date of transaction: disposal of shares to cover tax obligations. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Asbury Automotive Group, ABG, Insider Trading, Stock Disposal, Tax Obligations, Restricted Share Units, Nathan Edward Briesemeister, VP, Controller & CAO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.