AutoNation CFO Thomas Szlosek Converts RSUs, Sells 1,257 Shares for Taxes

What Happened
Thomas A. Szlosek, Executive Vice President & Chief Financial Officer of AutoNation (AN), had 3,194 restricted stock units (RSUs) convert into common shares on August 7, 2026. To cover tax withholding, 1,257 of those shares were surrendered/sold at $209.23 per share for a total of $263,002, leaving a net 1,937 shares delivered to him. This was a routine vesting/tax-withholding event rather than an open-market purchase or an independent sale for investment purposes.

Key Details

• Transaction date: August 7, 2026; Form 4 filed August 10, 2026.
• Codes reported: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
• RSUs vested/converted: 3,194 shares (one-for-one conversion).
• Shares withheld/sold for taxes: 1,257 shares at $209.23 each = $263,002.
• Net shares retained from this vesting: 1,937 shares (3,194 − 1,257).
• Footnotes: F1 confirms RSUs convert one-for-one into common stock. F2 notes the grant was 9,583 RSUs on Aug 7, 2023 that vest in three equal annual tranches (~3,194 each).
• Post-transaction total holdings: not specified in the filing.
• This appears to be a routine tax-withholding (net settlement) on vesting, not a discretionary open-market sale.

Context

• This was a vesting/conversion and tax-withholding event (common for RSU awards). The withheld/surrendered shares to cover taxes are standard and should not be interpreted as the insider taking a directional market view.
• For retail investors, purchases by insiders are often seen as a stronger signal than routine vesting events; this filing documents compensation mechanics rather than a buy or sell decision.