ABG · Asbury Automotive Group, Inc.

The employment agreement with Daniel Clara solidifies leadership continuity following his election by the Board, effective May 4, 2026, superseding a prior severance agreement. Compensation is competitive for the CEO role, featuring a $1.1 million base salary, potential $1.375 million target bonus, and substantial equity incentives totaling up to $6.1 million in targets including a one-time grant. Severance protections are robust, offering 12 months pay and benefits for non-change-in-control terminations without cause or for good reason, doubling to 24 months post-change-in-control, with full equity acceleration. These terms align executive incentives with shareholder interests through performance-based bonuses and equity, while non-compete and confidentiality clauses protect company interests. Investors should note the Atlanta headquarters base and exclusivity of service, underscoring commitment to the role amid the initial two-year term.