other material
confidence high
sentiment neutral
materiality 0.20
Sonic Automotive grants performance-based RSUs to CEO, COO, and CFO
SONIC AUTOMOTIVE INC
- David Bruton Smith receives 69,872 RSUs; Jeff Dyke 38,175; Heath R. Byrd 26,183.
- RSUs tied to 2026 adjusted EPS performance; forfeitable if conditions unmet.
- Awards vest in three tranches: 25% March 2027, 30% Feb 2028, 45% Feb 2029.
- No dividend equivalents or voting rights until converted to shares/cash.
- Compensation Committee approved grants effective May 6, 2026 under the 2026 Equity Plan.