Form 4: Group 1 Automotive CEO Sells Shares for Tax
Insider Transaction Report
Group 1 Automotive's President & CEO, Daryl Kenningham, reported a disposition of 2,125 common shares at $338.54 per share for tax purposes.
Summary
- Daryl Kenningham, President & CEO and Director of Group 1 Automotive Inc. (GPI), disposed of 2,125 shares of common stock.
- The transaction occurred on February 12, 2026, at a price of $338.54 per share.
- The disposition was coded as 'F', indicating payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security or option.
- Following the transaction, Kenningham directly owns 46,856.45 shares and indirectly owns 22,482.46 shares through the Kenningham Management Trust.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The transaction code 'F' indicates a tax-related disposition, which is a routine part of executive compensation and not typically indicative of a change in company fundamentals or insider sentiment.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transactions, particularly those related to tax obligations or pre-planned sales (Rule 10b5-1), are common across all industries and do not necessarily reflect a change in the company's fundamental outlook or the insider's confidence in the business. This transaction is specific to an individual's compensation and tax planning.
Related Party Transactions
- Daryl Kenningham indirectly owns 22,482.46 shares through the Kenningham Management Trust, which is a related party holding.
Stakeholder Impact
- Shareholders may observe a slight reduction in the CEO's direct ownership, but the transaction's nature (tax withholding) suggests minimal impact on investor confidence or company strategy.
Key Dates
| Date | Description |
|---|---|
| 02/12/2026 | Date of transaction (disposition of common stock) |
| 02/13/2026 | Date of filing of the Statement of Changes in Beneficial Ownership |
Keywords
Group 1 Automotive, GPI, Daryl Kenningham, Insider Transaction, Form 4, Stock Sale, CEO, Director, Common Stock, Rule 10b5-1
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