secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001043509-24-000006
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive sets 2024 bonus criteria and grants RSUs to three executives
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- 2024 cash bonuses tied to adjusted EPS and customer satisfaction goals; payouts by March 15, 2025.
- CEO David Bruton Smith awarded 71,126 performance-based RSUs; President Jeff Dyke 48,979; CFO Heath Byrd 38,175.
- RSUs vest over 3 years (25% Mar 2025, 30% Feb 2026, 45% Feb 2027) contingent on adjusted EPS achievement.
- RSUs have no dividend equivalents or voting rights; forfeitable for employment breaches or poor performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000006/0001043509-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000006/sah-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001043509-24-000006

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