Form 4: Group 1 Automotive CEO Daryl Kenningham Disposes of Shares to Cover Tax Obligations

Daryl Kenningham, President & CEO of Group 1 Automotive, disposed of 2,602 shares of common stock on February 14, 2025, to cover tax obligations.

Summary

• On February 14, 2025, Daryl Kenningham, the President & CEO of Group 1 Automotive, engaged in a transaction involving the company's common stock.
• Kenningham disposed of 2,602 shares at a price of $484.8 per share.
• This transaction was executed to cover tax obligations.
• Following the transaction, Kenningham directly owns 44,773.39 shares of common stock and indirectly owns 22,482.46 shares through the Kenningham Management Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders, as it is a relatively small number of shares being disposed of by an insider to cover tax obligations.

Key Dates

Keywords

Group 1 Automotive, GPI, Daryl Kenningham, SEC Form 4, Insider Trading, Stock Disposal, Tax Obligations, Beneficial Ownership