Joseph T. Lower - Mar 1, 2023 Form 4 Insider Report for AUTONATION, INC. (AN)

Role: EVP & CFO
Signature: /s/ C. Coleman Edmunds, Attorney-in-Fact
Stock symbol: AN
Transactions as of: Mar 1, 2023
Transactions value $: -$1,477,526
Form type: 4
Date filed: 3/3/2023, 03:19 PM
Previous filing: Feb 23, 2023
Next filing: Jul 27, 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		+13.4K	+68.95%		32.9K	Mar 1, 2023	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+6.81K	+20.69%		39.7K	Mar 1, 2023	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+4.15K	+10.45%		43.9K	Mar 1, 2023	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+2.95K	+6.73%		46.8K	Mar 1, 2023	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Tax liability	-$1.48M	-10.8K	-22.98%	$137.24	36.1K	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	-13.4K	-100%	$0.00^*	0	Mar 1, 2023	Common Stock, par value $0.01 per share	13.4K		Direct	F1, F2
transaction	AN	Restricted Stock Units	Options Exercise	$0	-6.81K	-50%	$0.00	6.81K	Mar 1, 2023	Common Stock, par value $0.01 per share	6.81K		Direct	F1, F3
transaction	AN	Restricted Stock Units	Options Exercise	$0	-4.15K	-33.33%	$0.00	8.31K	Mar 1, 2023	Common Stock, par value $0.01 per share	4.15K		Direct	F1, F4
transaction	AN	Restricted Stock Units	Options Exercise	$0	-2.95K	-25%	$0.00	8.86K	Mar 1, 2023	Common Stock, par value $0.01 per share	2.95K		Direct	F1, F5
transaction	AN	Restricted Stock Units	Award	$0	+5.83K		$0.00	5.83K	Mar 1, 2023	Common Stock, par value $0.01 per share	5.83K		Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	The reporting person received a grant of 40,305 restricted stock units on January 13, 2020. The restricted stock units vested in one-third annual increments on each of March 1, 2021, March 1, 2022 and March 1, 2023. 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 27,254 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 16,616 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 reporting person received a grant of 11,814 restricted stock units on March 1, 2022. The restricted stock units vest in 25% annual increments on each of the first four anniversaries of March 1, 2022. 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.
F6	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.