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Retail-Auto Dealers and Gas Stations
Corporate GovernanceMay 8, 2026, 04:08 PM

Sonic Automotive Grants 134,230 Performance-Based RSUs to Executives

AI Summary

Sonic Automotive's Compensation Committee approved grants of performance-based restricted stock units (RSUs) to executive officers, effective May 6, 2026. A total of 134,230 units were granted, with Mr. David Bruton Smith receiving 69,872 units, Mr. Jeff Dyke 38,175 units, and Mr. Heath R. Byrd 26,183 units. These awards are subject to forfeiture based on continued employment, compliance with restrictive covenants, and achievement of the company's adjusted earnings per share performance for the 2026 calendar year. The RSUs will vest in three annual installments from March 2027 to February 2029 and will be paid in Class A common stock, cash, or a combination at the committee's discretion.

Key Highlights

  • Sonic Automotive's Compensation Committee approved 134,230 performance-based restricted stock units (RSUs).
  • Mr. David Bruton Smith was granted 69,872 RSUs.
  • Mr. Jeff Dyke was granted 38,175 RSUs.
  • Mr. Heath R. Byrd was granted 26,183 RSUs.
  • Awards are subject to forfeiture based on 2026 adjusted earnings per share performance.
  • RSUs vest in three annual installments: 25% on March 31, 2027, 30% on February 11, 2028, and 45% on February 11, 2029.