EDMUNDS C COLEMAN 4

What Happened

• Edmunds C. Coleman, EVP, General Counsel & Corporate Secretary of AutoNation (AN), had restricted stock units (RSUs) convert into 5,600 shares on March 1, 2026. To cover tax withholding, 2,075 of those shares were surrendered at $195.16 each for a total withholding of $404,957. After withholding, Coleman received a net of 3,525 shares (approx. $687,939 based on $195.16/share).
• On the same date Coleman was also granted 3,108 new RSUs (a time‑based award that will vest in one‑third annual increments per the filing).

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely).
• Converted/issued shares: 5,600 (from vested RSUs). Tax withholding: 2,075 shares at $195.16 each = $404,957 (code F). Net shares delivered to insider: 3,525.
• New award: 3,108 RSUs granted on March 1, 2026; these RSUs vest in one‑third increments over three years (see footnote F6).
• Footnotes: F1 confirms RSUs converted one‑for‑one into common shares; F2–F6 describe prior and current RSU grant schedules and vesting terms.
• Shares owned after the transaction are not provided in the excerpt of the filing.

Context

• These filings reflect routine vesting of restricted stock units and withholding to satisfy tax obligations — not an open‑market sale or a cash purchase. Code M indicates conversion of derivative securities (RSUs) into shares; code F indicates payment of tax liability via share withholding.
• Such tax‑withholding disposals are common when RSUs vest and do not necessarily signal insider sentiment about the stock.