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

Role
CEO and Director, Director
Signature
/s/ C. Coleman Edmunds, Attorney-in-Fact
Stock symbol
AN
Transactions as of
Mar 1, 2023
Transactions value $
-$382,900
Form type
4
Date filed
3/3/2023, 03:21 PM
Previous filing
Feb 14, 2023
Next filing
Jun 12, 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 +7.09K +64.57% 18.1K Mar 1, 2023 Direct F1
transaction AN Common Stock, par value $0.01 per share Tax liability -$383K -2.79K -15.44% $137.24 15.3K 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 -7.09K -33.34% $0.00 14.2K Mar 1, 2023 Common Stock, par value $0.01 per share 7.09K Direct F1, F2
transaction AN Restricted Stock Units Award $0 +21K $0.00 21K Mar 1, 2023 Common Stock, par value $0.01 per share 21K Direct F1, F3
* 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 21,265 restricted stock units on March 1, 2022. The restricted stock units vest in one-third annual increments on each of the first three 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.
F3 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.