Manley Michael Mark 4
4 · AUTONATION, INC. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
AutoNation (AN) CEO Michael Manley Receives Award, Withholds Shares for Taxes
What Happened
Michael M. Manley, CEO and Director of AutoNation, had 60,277 performance-based restricted shares settle on January 28, 2026. To satisfy tax withholding, 23,734 of those shares were withheld/disposed at $215.93 per share, a value of $5,124,883. The shares were issued at $0.00 as part of the RSU settlement (i.e., not purchased).
Key Details
- Transaction date: January 28, 2026; Form 4 filed January 30, 2026 (timely filing).
- Award (code A): 60,277 shares settled; acquisition price reported as $0.00.
- Tax withholding (code F): 23,734 shares withheld/disposed at $215.93 each; total value ~$5,124,883.
- Footnote: Settlement followed certification by the Compensation Committee of performance goals for performance-based RSUs granted March 1, 2023.
- Shares owned after transaction: not specified in the provided filing.
- Nature of disposal: tax withholding to satisfy liabilities, not an open-market sale.
Context
This transaction represents the settlement of performance-based RSUs (a compensation event) and the routine withholding of shares to cover taxes. The 23,734-share disposition is a tax-related withholding rather than a market sale and shouldn’t be interpreted as a directional trade by the insider.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-01-28+60,277→ 161,122 total - Tax Payment
Common Stock, par value $0.01 per share
2026-01-28$215.93/sh−23,734$5,124,883→ 137,388 total
Footnotes (1)
- [F1]Settlement of shares upon the achievement of applicable performance goals, which were certified by the registrant's Compensation Committee on January 28, 2026, pursuant to the terms of certain performance-based restricted stock units granted on March 1, 2023.