Steve Kwak - Mar 1, 2023 Form 4 Insider Report for AUTONATION, INC. (AN)

Role
COO Franchised Business
Signature
/s/ C. Coleman Edmunds, Attorney-in-Fact
Stock symbol
AN
Transactions as of
Mar 1, 2023
Transactions value $
-$322,514
Form type
4
Date filed
3/3/2023, 03:17 PM
Previous filing
Mar 10, 2022
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AN Common Stock, par value $0.01 per share Options Exercise +2.33K +60.57% 6.17K Mar 1, 2023 Direct F1
transaction AN Common Stock, par value $0.01 per share Options Exercise +2.31K +37.35% 8.48K Mar 1, 2023 Direct F1
transaction AN Common Stock, par value $0.01 per share Options Exercise +1.33K +15.71% 9.81K Mar 1, 2023 Direct F1
transaction AN Common Stock, par value $0.01 per share Tax liability -$323K -2.35K -23.95% $137.24 7.46K Mar 1, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AN Restricted Stock Units Options Exercise $0 -2.33K -100% $0.00* 0 Mar 1, 2023 Common Stock, par value $0.01 per share 2.33K Direct F1, F2
transaction AN Restricted Stock Units Options Exercise $0 -2.31K -49.99% $0.00 2.31K Mar 1, 2023 Common Stock, par value $0.01 per share 2.31K Direct F1, F3
transaction AN Restricted Stock Units Options Exercise $0 -1.33K -33.32% $0.00 2.67K Mar 1, 2023 Common Stock, par value $0.01 per share 1.33K Direct F1, F4
transaction AN Restricted Stock Units Award $0 +2.92K $0.00 2.92K Mar 1, 2023 Common Stock, par value $0.01 per share 2.92K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units converted into shares of AutoNation common stock on a one-for-one basis.
F2 The reporting person received a grant of 9,314 restricted stock units on March 1, 2019. The restricted stock units vested in 25% annual increments on each of the first four anniversaries of March 1, 2019. Each restricted stock unit represented a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F3 The reporting person received a grant of 9,226 restricted stock units on March 2, 2020. The restricted stock units vest in 25% annual increments on each of March 2, 2021, March 1, 2022, March 1, 2023 and March 1, 2024. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F4 The reporting person received a grant of 5,329 restricted stock units on March 1, 2021. The restricted stock units vest in 25% annual increments on each of the first four anniversaries of March 1, 2021. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F5 The restricted stock units were granted on March 1, 2023 and will vest in one-third annual increments on each of the first three anniversaries of the grant date. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock or at the registrant's election, the cash value thereof.