Hult David W 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Asbury Automotive (ABG) CEO David Hult Buys $1.03M, Receives 14,261 PSUs
What Happened
- David W. Hult, President & CEO and Director of Asbury Automotive Group (ABG), received 14,261 performance share units (PSUs) that converted into common stock upon vesting (reported as an award). One-third of the PSUs granted Feb 19, 2025 were certified vested on Mar 5, 2026 (14,261 shares; $0 cash consideration shown).
- To cover taxes on the vesting, 2,113 shares were withheld/disposed at $212.48 each for $448,970 (tax withholding). On Mar 6, 2026 Hult made open-market purchases of 1,604 shares at a weighted average $204.73 (total $328,387) and 3,396 shares at a weighted average $205.63 (total $698,319) — combined open-market buys ≈ $1,026,706.
- Net effect (acquisitions minus withholding): +17,148 shares (14,261 PSUs + 5,000 purchases − 2,113 withheld). Purchases represent meaningful insider buying (~$1.03M) while the withheld shares were routine tax withholding.
Key Details
- Dates & prices:
- Mar 5, 2026: 14,261 PSUs converted to shares (award, $0 cash).
- Mar 5, 2026: 2,113 shares withheld for taxes at $212.48 each (F) = $448,970.
- Mar 6, 2026: 1,604 shares purchased (P) at weighted avg $204.73 = $328,387.
- Mar 6, 2026: 3,396 shares purchased (P) at weighted avg $205.63 = $698,319.
- Shares owned after the transactions: not specified in the filing provided.
- Footnotes:
- F1: One-third of the 2025 PSUs vested upon certification on Mar 5, 2026; remaining thirds vest Feb 19, 2027 and Feb 19, 2028.
- F2: 2,113 shares were withheld to satisfy tax withholding on the vested PSUs.
- F3/F4: Weighted-average price info reflects aggregated trades in stated price ranges; the filer can provide per-price breakdown on request.
- Timeliness: Filing date Mar 9, 2026; transactions occurred Mar 5–6, 2026. The Form 4 was filed within the standard reporting window and is not flagged as late.
Context
- PSUs: Performance share units convert to common shares upon vesting; this was a vesting event, not an option exercise.
- Tax withholding (F) is a routine disposition to satisfy tax liabilities and does not necessarily indicate a change in sentiment.
- Open-market purchases (P) represent outright buy trades by the CEO and add economically to his stake; together they total ~5,000 shares purchased for roughly $1.03M.
Insider Transaction Report
Form 4
Hult David W
DirectorPresident & CEO
Transactions
- Award
Common Stock
[F1]2026-03-05+14,261→ 87,796 total - Tax Payment
Common Stock
[F2]2026-03-05$212.48/sh−2,113$448,970→ 85,683 total - Purchase
Common Stock
[F3]2026-03-06$204.73/sh+1,604$328,387→ 87,287 total - Purchase
Common Stock
[F4]2026-03-06$205.63/sh+3,396$698,319→ 90,683 total
Footnotes (4)
- [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.
- [F3]Represents the weighted average share price of an aggregate total of 1,604 shares of Issuer's common stock sold in the price range of $204.31 to $205.27 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- [F4]Represents the weighted average share price of an aggregate total of 3,396 shares of Issuer's common stock sold in the price range of $205.39 to $205.66 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
Signature
/s/Dean Calloway, Attorney In-Fact|2026-03-09