Clara Daniel 4
Research Summary
AI-generated summary
Asbury Automotive (ABG) COO Clara Daniel Withholds Shares for Taxes
What Happened
- Clara Daniel, Chief Operating Officer of Asbury Automotive Group (ABG), had 274 and 328 shares withheld (total 602 shares) at $223.21 per share to satisfy tax withholding upon the vesting of equity awards. The withholdings produced proceeds/values of $61,160 and $73,213, respectively, for a combined value of approximately $134,373. These transactions are tax-withholding disposals (transaction code F), not open-market sales.
Key Details
- Transaction date: February 20, 2026; Filing date: February 23, 2026 (timely Form 4 filing).
- Price per share: $223.21.
- Shares withheld: 274 shares (value $61,160) and 328 shares (value $73,213); total 602 shares (≈ $134,373).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 = shares withheld for taxes on one-third of restricted share units (RSUs) granted 2/20/2024. F2 = shares withheld for taxes on one-third of performance share units (PSUs) granted 2/20/2024.
- Transaction code: F (tax withholding).
Context
- These were tax-withholding actions at vesting (common “sell-to-cover”/withhold) rather than discretionary open-market sales or purchases; they generally reflect tax payment on vested equity and do not, by themselves, indicate the insider’s view of the stock.
- The filing appears timely; no indication this is part of a 10b5-1 plan or a gift.