Milstein Jed 4
Research Summary
AI-generated summary
Asbury Automotive (ABG) SVP Jed Milstein Withholds 201 Shares for Taxes
What Happened
Jed Milstein, SVP & CHRO of Asbury Automotive Group (ABG), had 201 shares of company stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The withholding occurred on February 19, 2026 at a per-share value of $229.78, for a total value of approximately $46,186. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date: 2026-02-19
- Price per share: $229.78; Shares withheld/disposed: 201; Total value: ~$46,186
- Transaction type/code: F — shares withheld to pay taxes on vested RSUs
- Footnote: These shares represent withholding for taxes upon the vesting of one‑third of RSUs granted on 2025-02-19.
- Shares owned after the transaction: Not specified in the filing.
- Filing timeliness: Reported on the same day (file date 2026-02-19), so not marked late.
Context
This was a routine tax-withholding event associated with RSU vesting (a common settlement method where the company retains shares to cover taxes). It is not an indicator of a discretionary sale or market sentiment by the insider.