other material
confidence high
sentiment neutral
materiality 0.25
Sonic Automotive sets 2023 bonus and RSU grants for CEO, President, CFO
SONIC AUTOMOTIVE INC
- Compensation Committee set 2023 cash bonus criteria: adjusted EPS and customer satisfaction goals.
- CEO David Bruton Smith granted 70,348 performance-based RSUs; President Jeff Dyke 39,972; CFO Heath R. Byrd 31,154.
- RSUs vest in three tranches (25% Mar 2024, 30% Feb 2025, 45% Feb 2026) subject to employment and 2023 adjusted EPS.
- Cash bonuses determined after 2023 performance evaluation, payable by March 15, 2024.