Milstein Jed 4

What Happened Jed Milstein, SVP & CHRO of Asbury Automotive Group (ABG), had a total of 330 shares of ABG withheld to cover tax obligations upon the vesting of equity awards on February 14, 2026. The Form 4 reports two withholding transactions: 119 shares at $229.44 each ($27,303) and 211 shares at $229.44 each ($48,412), for a combined value of approximately $75,715. These disposals are labeled with code F (shares withheld to pay taxes), a routine administrative action rather than an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-02-14; Report filed: 2026-02-18 (timely filed).
• Prices: $229.44 per share for both withholding events.
• Shares withheld: 119 (F1) and 211 (F2); total 330 shares; total value ≈ $75,715.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1 = shares withheld for taxes on one-third of restricted share units (RSUs) granted 02/14/2023. F2 = shares withheld for taxes on one-third of performance share units (PSUs) granted 02/14/2023.
• Transaction code: F = tax withholding upon vesting (cashless withholding).

Context These transactions reflect tax-withholding on vesting of awards (one-third of RSUs and one-third of PSUs from grants dated Feb 14, 2023). Withholding reduces the insider’s outstanding share count and is a common administrative step that does not necessarily indicate a change in the insider’s market view.