Milstein Jed 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Asbury Automotive (ABG) SVP Jed Milstein Receives Award
What Happened
Jed Milstein, SVP & CHRO of Asbury Automotive Group (ABG), had performance share units (PSUs) certified and converted into stock on March 5, 2026. The filing reports 2,038 shares acquired at $0.00 (award/conversion) and 302 shares disposed (withheld) to cover taxes at $212.48 each, for a reported tax withholding value of $64,169. The award reflects vested PSUs rather than an open-market purchase.
Key Details
- Transaction dates: March 5, 2026 (conversion/award and tax withholding); Form 4 filed March 9, 2026.
- Reported transactions: A (award/acquisition) — 2,038 shares @ $0.00; F (tax withholding) — 302 shares disposed @ $212.48, total $64,169.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 — these are PSUs granted Feb 19, 2025; one‑third vested upon certification on Mar 5, 2026, with remaining thirds vesting Feb 19, 2027 and Feb 19, 2028. F2 — the 302 shares were withheld to pay taxes upon vesting/conversion.
- Filing timeliness: The Form 4 was filed four days after the March 5 transaction (filed Mar 9), which is later than the usual two-business-day reporting window for insiders.
Context
This was a scheduled vesting/award of previously granted performance share units, not an open-market buy or voluntary sale. The 302-share disposal was a standard tax-withholding action tied to the PSU vesting, not a separate sale for investment purposes.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-05+2,038→ 12,876 total - Tax Payment
Common Stock
[F2]2026-03-05$212.48/sh−302$64,169→ 12,574 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.