Kenningham Daryl 4

What Happened Daryl Kenningham, President & CEO and a director of Group 1 Automotive (GPI), had 1,581 shares withheld to satisfy tax obligations tied to an equity event (exercise/vest). The filing shows two withholdings: 1,018 shares on 2026-02-14 at $333.15 each ($339,147) and 563 shares on 2026-02-15 at $333.15 each ($187,563), for a combined value of approximately $526,710. These transactions are reported under code F (payment of exercise price or tax liability), meaning shares were surrendered to cover taxes rather than sold on the open market.

Key Details

• Transaction dates and prices:
  • 2026-02-14: 1,018 shares @ $333.15 = $339,147 (withheld)
  • 2026-02-15: 563 shares @ $333.15 = $187,563 (withheld)
• Total shares withheld: 1,581; total value ≈ $526,710.
• Transaction code: F (payment of exercise price or tax liability — tax withholding).
• Form 4 filed: 2026-02-17. The filing date is shown; the excerpt does not flag the filing as late.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context Withholding shares to cover taxes is a routine, administrative step following an option exercise or restricted stock vesting; it is not the same as an open-market sale and does not necessarily indicate the insider’s view of the stock. For retail investors, note this is a disposal for tax purposes rather than a deliberate sale to raise cash or reduce holdings.