Welch Michael 4

What Happened
Michael Welch, Senior Vice President & Chief Financial Officer of Asbury Automotive Group (ABG), had 282 shares withheld on February 19, 2026 to satisfy tax withholding related to the vesting of restricted stock units. The withholding was at $229.78 per share, for a total value of $64,798. This was an administrative tax-withholding action on vested RSUs, not an open-market sale or purchase.

Key Details

• Transaction date & price: 2026-02-19; 282 shares withheld at $229.78 each; total ≈ $64,798.
• Transaction type/code: F — shares withheld to cover tax liability on vested equity.
• Footnote: Withheld shares represent taxes for the vesting of one-third of RSUs granted on 2025-02-19.
• Shares owned after transaction: not specified in the summary data (see the full Form 4 for total holdings).
• Filing timeliness: Reported/Filed on 2026-02-19 (appears timely for the reported transaction).

Context
Tax-withholding by withholding shares is a common, administrative step when RSUs vest and does not reflect an intentional buy or sell decision in the open market. It’s not typically viewed as a signal of insider sentiment.