Szlosek Thomas A 4
Research Summary
AI-generated summary
AutoNation (AN) CFO Thomas A. Szlosek Converts RSUs; 1,611 Shares Withheld
What Happened
- Thomas A. Szlosek, EVP & CFO of AutoNation (AN), had 4,093 restricted stock units (RSUs) convert into 4,093 shares on March 1, 2026. Of those, 1,611 shares were withheld/sold to cover tax withholding, producing $314,403 (1,611 shares × $195.16). Net shares delivered to Szlosek from this vesting event were 2,482 shares (4,093 converted − 1,611 withheld). Separately, Szlosek received a new grant of 5,698 RSUs on March 1, 2026 (these are contingent awards, not open‑market purchases).
Key Details
- Transaction date(s): March 1, 2026 (filed March 3, 2026 — timely filing)
- Conversions/Vesting: 4,093 RSUs converted one‑for‑one into 4,093 shares (conversion entries reported at $0.00 per share)
- Tax withholding/disposition: 1,611 shares withheld/disposed at $195.16 per share for $314,403
- New grant: 5,698 RSUs granted on March 1, 2026 (vest in one‑third increments on each of the first three anniversaries; each RSU = contingent right to one share or cash)
- Earlier grants referenced: 6,579 RSUs granted 3/1/2024 and 5,701 RSUs granted 3/1/2025 (both vest over three years)
- Shares owned after transaction: Not disclosed in this Form 4
- Filing timeliness: Report filed March 3, 2026 for March 1 transactions — appears timely (no late filing indicated)
Context
- These transactions reflect RSU vesting and routine tax withholding, not an open‑market buy or voluntary sale. RSU conversions are reported as derivative exercises/conversions (code M) and tax withholding as a disposition (code F). The new RSU grant is an award (code A) that vests over three years and represents contingent rights to future shares (or cash at the company's election).