Form 4: Asbury Automotive Group VP, Controller & CAO Reports Stock Disposal for Tax Obligations
SEC Form 4
Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, reports disposing of 94 shares of common stock to cover tax obligations upon vesting of restricted shares.
Summary
- On November 7, 2024, Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group, disposed of 94 shares of common stock.
- The transaction was to cover tax obligations related to the vesting of restricted shares granted on November 7, 2022.
- Following the transaction, Briesemeister directly owns 1,095 shares of Asbury Automotive Group stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for company executives to sell shares to cover tax obligations when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 11/07/2022 | Date of restricted shares grant. |
| 11/07/2024 | Date of stock disposal for tax obligations. |
| 11/08/2024 | Date of Form 4 signature. |
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