ALSFINE JOEL 4
Research Summary
AI-generated summary
Asbury (ABG) Director Joel Alsfine Receives Award; 401 Shares Withheld
What Happened
Joel Alsfine, a director of Asbury Automotive Group (ABG), was granted 932 restricted shares as board compensation on February 9, 2026 (transaction code A). The award vested immediately. To satisfy tax withholding obligations upon vesting, 401 of those shares were withheld (transaction code F) at an indicated withholding value of $225.21 per share, totaling $90,309.
Key Details
- Transaction date: February 9, 2026.
- Grant: 932 restricted shares granted, reported at $0.00 per share (award/compensation).
- Withholding: 401 shares withheld for taxes at $225.21 per share, total $90,309 (disposition via tax withholding).
- Codes: A = Award/Grant; F = Tax withholding on vested shares.
- Filing: Form 4 filed Feb 11, 2026 — appears to be within the typical two-business-day reporting window.
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes: Award granted as board compensation and vested immediately; withheld shares represent tax payment on the vested award.
Context
This was a compensation-related award (not an open-market purchase or sale). Immediate vesting and share withholding for taxes are routine for restricted stock awards; the withholding reduces the net shares the director received but does not represent an open-market sale of additional holdings.