PARENT JEFF 4
Research Summary
AI-generated summary
AutoNation (AN) COO Jeff Parent Receives RSU Award, Sells 1,006 Shares
What Happened
- Jeff Parent, Chief Operating Officer of AutoNation (AN), had 2,485 performance-based restricted stock units (RSUs settle) issued to him on Jan 28, 2026 (code A — acquisition at $0.00). To cover tax withholding (code F), 1,006 of those shares were disposed at $215.93 per share, generating about $217,226. The gross value of the 2,485 shares at $215.93 was approximately $536,586; after withholding, Parent retained a net 1,479 shares (approx. $319,360 at the same price).
Key Details
- Transaction date: 2026-01-28
- Award: 2,485 shares acquired at $0.00 (performance-based RSU settlement)
- Tax withholding/sale: 1,006 shares disposed at $215.93 for ~$217,226 (code F)
- Footnote: Settlement followed certification of applicable performance goals by the Compensation Committee on Jan 28, 2026 for RSUs granted Nov 1, 2023
- Shares owned after transaction: Not specified in the provided filing summary
- Filing timeliness: Filing date 2026-01-30 for a 2026-01-28 transaction — no late filing indicated
Context
- This was not an open-market purchase or sale for investment — it was the settlement of performance-based RSUs, with shares withheld/sold solely to cover tax obligations (routine practice). Such awards reflect compensation vesting rather than a direct buy/sell decision by the insider.