Milstein Jed 4

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.