Manley Michael Mark 4
4 · AUTONATION, INC. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
AutoNation (AN) CEO Mike Manley Exercises RSUs & Sells Shares for Taxes
What Happened
- Mike Manley, CEO and Director of AutoNation (AN), had restricted stock units (RSUs) convert into common shares on March 1, 2026 and had shares withheld/sold to cover tax obligations. A total of 23,412 RSUs converted into shares (6,995 + 7,940 + 8,477). To satisfy tax withholding, 9,214 shares were disposed at $195.16 per share for proceeds of $1,798,204. Separately, Manley received a new RSU grant of 23,104 units on March 1, 2026 that will vest over the next three years.
Key Details
- Transaction date: March 1, 2026 (Form 4 filed March 3, 2026 — timely filing)
- Conversions/vests: 6,995 + 7,940 + 8,477 = 23,412 RSUs converted to common stock (coded M)
- Tax withholding/sale: 9,214 shares disposed at $195.16 each; proceeds $1,798,204 (coded F)
- New grant: 23,104 RSUs awarded on March 1, 2026 (coded A), vesting in one-third increments over 3 years (see footnote F5)
- Net shares delivered to Manley after withholding: 23,412 converted − 9,214 withheld = 14,198 net shares received
- Shares owned after transaction: not specified in the provided filing excerpt
- Footnotes: F1–F5 confirm one-for-one RSU-to-share conversion, prior grants (2023–2025) and the new 2026 RSU grant terms
- Filing timeliness: Filed within usual Form 4 window (appears timely)
Context
- These transactions reflect routine RSU vesting and tax-withholding mechanics (a cashless-like settlement where shares are withheld/sold to meet tax obligations), not an open-market directional purchase or sale by the insider.
- The new RSU grant (23,104 units) is an award that vests over time and does not represent immediate stock ownership until those units vest and convert into shares.
Insider Transaction Report
Form 4
Manley Michael Mark
DirectorCEO and Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-03-01+6,995→ 144,383 total - Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-03-01+7,940→ 152,323 total - Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-03-01+8,477→ 160,800 total - Tax Payment
Common Stock, par value $0.01 per share
2026-03-01$195.16/sh−9,214$1,798,204→ 151,586 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-01−6,995→ 0 total→ Common Stock, par value $0.01 per share (6,995 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-01−7,940→ 7,939 total→ Common Stock, par value $0.01 per share (7,940 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-01−8,477→ 16,953 total→ Common Stock, par value $0.01 per share (8,477 underlying) - Award
Restricted Stock Units
[F5]2026-03-01+23,104→ 23,104 total→ Common Stock, par value $0.01 per share (23,104 underlying)
Footnotes (5)
- [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 20,985 restricted stock units on March 1, 2023. The restricted stock units vested 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.
- [F3]The reporting person received a grant of 23,819 restricted stock units on March 1, 2024. The restricted stock units 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.
- [F4]The reporting person received a grant of 25,430 restricted stock units on March 1, 2025. The restricted stock units 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.
- [F5]The restricted stock units were granted on March 1, 2026 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.
Signature
/s/ C. Coleman Edmunds, Attorney-in-Fact|2026-03-03