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