secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001043509-23-000001
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive sets 2023 bonus and RSU grants for CEO, President, CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350923000001/0001043509-23-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350923000001/sah-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001043509-23-000001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer