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ASBURY AUTOMOTIVE GROUP INC·4/A

Mar 9, 6:05 PM ET

Hult David W 4/A

Research Summary

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Asbury Automotive (ABG) CEO David Hult Buys 5,000 Shares, Receives Award

What Happened
David W. Hult, President & CEO (and director) of Asbury Automotive Group (ABG), received 14,261 performance share units that converted to shares upon certification of performance (granted 3/5/2026). To cover taxes on that vesting he surrendered 2,113 shares (withheld) valued at $212.48 each for $448,970. On 3/6/2026 he purchased a total of 5,000 shares in the open market — 1,604 shares at a weighted average of $204.73 ($328,387) and 3,396 shares at a weighted average of $205.63 ($698,319) — for about $1.03 million combined. The net activity was a significant buy after the award-vesting and a tax-related sale.

Key Details

  • Transaction dates: Award and tax withholding on 2026-03-05; open-market purchases on 2026-03-06. Form filed (amended) 2026-03-09. Filing appears timely (within required two business days for these trades).
  • Award: 14,261 performance share units (PSUs) certified as earned 3/5/2026; one-third vested on certification (converted to shares), next tranches vest 2/19/2027 and 2/19/2028 (F1).
  • Tax withholding: 2,113 shares were withheld to satisfy tax obligations on the vested PSUs (F2); reported disposal code F (tax withholding).
  • Purchases: 1,604 shares purchased at a weighted avg price $204.73 (range $204.31–$205.27) (F3); 3,396 shares purchased at weighted avg $205.63 (range $205.39–$205.66) (F4). The filer will provide per-price breakdown on request.
  • Shares owned after the transactions: Not specified in the provided filing details.
  • Amendment: This Form 4 is an amendment correcting a typographical error in the original filing’s footnotes which had incorrectly described the March 6 trades as sales instead of purchases.

Context
Performance share units (PSUs) are a form of restricted/contingent equity that convert to stock when performance goals are met; one-third of the PSU grant vested on certification and converted into shares (with tax withholding). The open-market purchases on 3/6 are straightforward buys (often viewed as a stronger signal than sales), while the 2,113-share disposition was a routine tax-withholding event tied to vesting, not a market sale for cash beyond tax obligations.