Asbury Automotive appoints Daniel Clara CEO; employment agreement details disclosed

ASBURY AUTOMOTIVE GROUP INC

Daniel Clara promoted to President and CEO effective May 4, 2026, succeeding prior leadership.
Base salary set at $1,100,000; target annual bonus of 125% of base ($1,375,000).
One-time equity award of $2,300,000 (40% RSU, 60% PSU) vesting ratably over 3 years.
Annual equity target of $3,800,000 (40% RSU, 60% PSU) subject to Compensation Committee.
Severance: 100% salary plus target bonus (12 months) in non-CIC; 200% each (lump sum) in CIC.

item 5.02 item 9.01

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Appointed

Daniel Clara

President and Chief Executive Officer

ABG · ASBURY AUTOMOTIVE GROUP INC

Effective: 2026-05-04
Filed: May 6, 2026, 7:59 PM ET

On May 4, 2026 (the “Transition Date”), the Company announced that it had entered into an employment agreement with Daniel Clara (the “Clara Agreement”) in connection with his promotion to President and Chief Executive Officer of the Company

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Clara was appointed as President and Chief Executive Officer at ASBURY AUTOMOTIVE GROUP INC.

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

On May 4, 2026 (the “Transition Date”), the Company announced that it had entered into an employment agreement with Daniel Clara (the “Clara Agreement”) in connection with his promotion to President and Chief Executive Officer of the Company

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ASBURY AUTOMOTIVE GROUP INC filing history →

Source: SEC EDGAR

accession 0001144980-26-000083

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