Hult David W 4

What Happened

• David W. Hult, President & CEO and a director of Asbury Automotive Group (ABG), had shares of company stock withheld to satisfy tax obligations when portions of his restricted and performance share units vested. Two withholding transactions on Feb 14, 2026 disposed of 1,276 shares ($292,765) and 1,819 shares ($417,351) at $229.44 per share, a combined 3,095 shares and approximately $710,116.
• This was a tax-withholding disposition (routine) tied to vesting of equity awards rather than an open-market sell intended as investment action.

Key Details

• Transaction date: 2026-02-14; Form filed: 2026-02-18.
• Price per share reported: $229.44.
• Shares withheld/disposed: 1,276 (value $292,765) and 1,819 (value $417,351); total 3,095 shares (~$710,116).
• Shares owned after transaction: Not stated in the excerpt of this filing.
• Transaction code: F — shares withheld to cover tax liability.
• Footnotes: F1 = shares withheld for taxes on one‑third of restricted share units granted Feb 14, 2023. F2 = shares withheld for taxes on one‑third of performance share units granted Feb 14, 2023.
• Filing timeliness: Form shows filing on Feb 18 for a Feb 14 transaction; the filing excerpt does not flag this as late.

Context

• These transactions are a common "cashless" tax-withholding mechanism when equity awards vest: shares are surrendered/withheld to cover withholding taxes rather than issued to the insider or sold in the open market. Such withholding is routine and does not necessarily indicate the insider's view on the company's stock.