Joseph T Lower, AutoNation's EVP & CFO, just received 27,254 restricted shares from the company. The restricted shares don't become available to Lower until such time as they become vested. Lower now owns at least 27,254 restricted shares of the company.
Some additional info was provided as follows:
The restricted stock units were granted on March 2, 2020, subject to the satisfaction of a performance goal, which was certified by the registrant's Compensation Committee on February 15, 2021. The restricted stock units will vest in 25% annual increments on each of March 2, 2021, March 1, 2022, March 1, 2023 and March 1, 2024. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock or at the registrant's elec tion, the cash value thereof.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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