Briesemeister Nathan Edward 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Asbury Automotive (ABG) VP Nathan Briesemeister Receives Award
What Happened Nathan Edward Briesemeister, VP, Controller & CAO of Asbury Automotive Group (ABG), received 254 shares on March 5, 2026 as the vesting/conversion of performance share units (PSUs). The shares were issued at $0 (award). Concurrently, 25 shares were withheld to satisfy tax withholding obligations; those withheld shares were recorded as a disposition at $212.48 per share for a total tax withholding of $5,312.
Key Details
- Transaction dates: March 5, 2026 (vesting/conversion and tax-withholding).
- Award: 254 shares issued at $0. (Represents one-third of PSUs granted February 19, 2025 upon certification of performance goals.)
- Tax withholding (Disposition code F): 25 shares withheld at $212.48 = $5,312.
- Shares owned after the transaction: not reported in this filing.
- Filing: Form 4 filed March 9, 2026 (timely within the SEC reporting window).
- Footnotes: F1 explains the PSUs and vesting schedule (one-third vested on 3/5/2026, remaining thirds vest 2/19/2027 and 2/19/2028). F2 explains the withheld shares were used to pay taxes on vesting.
Context This was an equity award vesting (not an open‑market purchase or a sale). The 254 shares reflect PSUs converting into common stock after the company certified performance objectives; withholding of shares to cover taxes is a routine administrative disposition and does not imply a voluntary sale by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-05+254→ 2,049 total - Tax Payment
Common Stock
[F2]2026-03-05$212.48/sh−25$5,312→ 2,024 total
Footnotes (2)
- [F1]Represents a grant of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 5, 2026. Each performance share unit converts into one share of the Issuer's common stock upon vesting. One-third of the performance share units granted on February 19, 2025 vested upon certification of the objectives having been met, which occurred on March 5, 2026, an additional one-third vests on February 19, 2027 and the remaining one-third vests on February 19, 2028.
- [F2]Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on February 19, 2025.