0001144980-23-000014.txt : 20230207
0001144980-23-000014.hdr.sgml : 20230207
20230207174519
ACCESSION NUMBER: 0001144980-23-000014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230203
FILED AS OF DATE: 20230207
DATE AS OF CHANGE: 20230207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hult David W
CENTRAL INDEX KEY: 0001524707
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31262
FILM NUMBER: 23596318
MAIL ADDRESS:
STREET 1: 800 GESSNER
STREET 2: SUITE 500
CITY: HOUSTON
STATE: TX
ZIP: 77024
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ASBURY AUTOMOTIVE GROUP INC
CENTRAL INDEX KEY: 0001144980
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
IRS NUMBER: 010609375
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2905 PREMIERE PARKWAY NW
STREET 2: SUITE 300
CITY: DULUTH
STATE: GA
ZIP: 30097
BUSINESS PHONE: 770-418-8200
MAIL ADDRESS:
STREET 1: 2905 PREMIERE PARKWAY NW
STREET 2: SUITE 300
CITY: DULUTH
STATE: GA
ZIP: 30097
4
1
wf-form4_167580990108871.xml
FORM 4
X0306
4
2023-02-03
0
0001144980
ASBURY AUTOMOTIVE GROUP INC
ABG
0001524707
Hult David W
C/O ASBURY AUTOMOTIVE GROUP, INC.
2905 PREMIERE PARKWAY NW, SUITE 300
DULUTH
GA
30097
1
1
0
0
President & CEO
Common Stock
2023-02-03
4
F
0
1229
241.71
D
52507
D
Common Stock
2023-02-03
4
M
0
5110
0
A
57617
D
Common Stock
2023-02-03
4
F
0
2305
241.71
D
55312
D
Common Stock
2023-02-04
4
F
0
1730
243.13
D
53582
D
Common Stock
2023-02-04
4
M
0
4887
0
A
58469
D
Common Stock
2023-02-04
4
F
0
2205
243.13
D
56264
D
Common Stock
2023-02-07
4
S
0
1600
229.85
D
54664
D
Common Stock
2023-02-07
4
S
0
4287
230.87
D
50377
D
Common Stock
2023-02-07
4
S
0
6022
231.75
D
44355
D
Common Stock
2023-02-07
4
S
0
2504
233
D
41851
D
Common Stock
2023-02-07
4
S
0
6147
234.02
D
35704
D
Common Stock
2023-02-07
4
S
0
4403
235.12
D
31301
D
Common Stock
2023-02-07
4
S
0
37
235.94
D
31264
D
Performance Share Units
2023-02-03
4
M
0
5110
0
D
Common Stock
5110.0
5110
D
Performance Share Units
2023-02-04
4
M
0
4887
0
D
Common Stock
4887.0
0
D
Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted share units granted on February 3, 2021.
Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 3, 2021. This transaction represents the vesting of one-third of this award.
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 3, 2021.
Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted share units granted on February 4, 2020.
Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 4, 2020. This transaction represents the vesting of one-third of this award.
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 4, 2020.
The reporting person sold shares as part of his annual financial planning strategy for asset diversification and estate planning purposes, which he has done in the past (March 2022) and may continue to do on an annual basis.
Represents the weighted average share price of an aggregate total of 1,600 shares of Issuer's common stock sold in the price range of $229.26 to $230.22 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.
Represents the weighted average share price of an aggregate total of 4,287 shares of Issuer's common stock sold in the price range of $230.30 to $231.25 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.
Represents the weighted average share price of an aggregate total of 6,022 shares of Issuer's common stock sold in the price range of $231.33 to $232.30 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.
Represents the weighted average share price of an aggregate total of 2,504 shares of Issuer's common stock sold in the price range of $232.57 to $233.53 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.
Represents the weighted average share price of an aggregate total of 6,147 shares of Issuer's common stock sold in the price range of $233.62 to $234.60 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.
Represents the weighted average share price of an aggregate total of 4,403 shares of Issuer's common stock sold in the price range of $234.63 to $235.38 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.
Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 7, 2022. 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 3, 2021 vested upon certification of the objectives having been met, which occurred on March 7, 2022, an additional one-third vested on February 3, 2023 and the remaining one-third vests on February 3, 2024.
Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 5, 2021. 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 4, 2020 vested upon certification of the objectives having been met, which occurred on March 5, 2021, an additional one-third vests on February 4, 2022 and the remaining one-third vested on February 4, 2023.
/s/George A. Villasana, Attorney In-Fact
2023-02-07