REDDIN THOMAS 4
Research Summary
AI-generated summary
Asbury Automotive (ABG) Director Reddin Thomas Receives 932-Share Award
What Happened
- Reddin Thomas, a member of the Board of Directors of Asbury Automotive Group (ABG), received a restricted stock award of 932 shares on 2026-02-09 (transaction code A). The award was granted as board compensation and vested immediately.
- Simultaneously, 327 shares were withheld to satisfy tax withholding obligations related to the vesting (transaction code F) at an indicated withholding value of $225.21 per share, totaling $73,644. This withholding is a disposition on paper to cover taxes, not an open-market sale.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely).
- Grant: 932 shares at $0.00 (restricted stock award; vested immediately).
- Tax withholding: 327 shares withheld @ $225.21 = $73,644 (disposition code F).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — award granted as board compensation and vested upon grant; F2 — 327 shares withheld to pay taxes on vesting of restricted share units.
Context
- This filing reflects compensation-related equity (an award) and routine tax withholding, not an open-market buy or sell that directly signals insider sentiment.
- Awarded shares vesting immediately means the director received full ownership of the shares, with a portion surrendered to cover withholding taxes.