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Insider Trends: Insider at Asbury Automotive Group Gets Stock Award Sells Portion for Taxes Scaling Down, 90-Day Buy Trend

· 02/05/2021 11:47

04:41 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, David W Hult, Director and President & CEO, awarded 8,176 shares in Asbury Automotive Group (ABG) and sold 1,729 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 6,447 company shares. Hult, after the transactions designated in the SEC Form 4 filing, has 76,426 company shares, with a market value, based on the prior-day closing price, of $11.7 million.

Over the last 90 days, previous to the date of this filing, there have been 6 insider transactions reported to the SEC for Asbury Automotive Group. These transactions came from the activities of 3 individual insiders that resulted in a net acquisition of 2,870 company shares. This compares with the preceding 90-day window of time where there was 1 transaction from 1 insider which resulted in the disposition of 1,000 shares.

This level of insider transactions is below that of the peer group average in the 7-company Auto Vehicles, Parts & Service Retailers peer group over the last 90-day period. Activity in the peer group averaged 144.6 transactions per company, and disposition of 664,564 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1144980/000114498021000046/xslF345X03/wf-form4_161256099342236.xml

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