DEES KIMBERLY 4

What Happened

• Kimberly Dees, SVP & CAO of AutoNation (AN), converted/ exercised restricted stock units (RSUs) into common shares on March 1, 2026. The filing shows conversions of 416, 389, 351 and 304 RSUs (total 1,460 shares). To cover tax withholding, 577 of those shares were surrendered at $195.16 per share, generating $112,607. The report also shows a new grant of 829 RSUs (award) on March 1, 2026 (these RSUs vest over time and are not immediately tradable).

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
• Conversions (coded M): 416, 389, 351 and 304 RSUs converted into 1,460 shares (one‑for‑one per footnote).
• Tax withholding (coded F): 577 shares withheld at $195.16 → $112,607 paid to cover taxes.
• Grant (coded A): 829 RSUs awarded on March 1, 2026; vest in one‑third annual increments (see footnote F6).
• Net immediate cash proceeds: the 577‑share withholding produced $112,607; the conversion itself had no purchase price listed.
• Shares owned after transaction: filing excerpt provided does not state total shares beneficially owned after these transactions; net new issued/received common shares = 1,460 converted − 577 withheld = 883 shares added to her immediate share balance, plus 829 unvested RSUs granted.
• Filing timeliness: Form filed March 3, 2026 covering 3/1/2026 transactions — no late filing indicated in the provided data.

Context

• This was a routine RSU vesting/conversion and tax‑withholding transaction, not an open‑market sale. The withholding of 577 shares to satisfy tax obligations is common when RSUs vest (coded F). The newly granted 829 RSUs are unvested and will vest over future anniversaries (not immediately tradable).