David B. Smith - Feb 7, 2024 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Signature
/s/ David Bruton Smith
Stock symbol
SAH
Transactions as of
Feb 7, 2024
Transactions value $
$0
Form type
4
Date filed
2/8/2024, 07:09 PM
Previous filing
Apr 4, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAH Class A Common Stock Award $0 +71.1K +13.68% $0.00 591K Feb 7, 2024 Direct F1
holding SAH Class A Common Stock 837K Feb 7, 2024 by OBS Family, LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock issuable upon conversion of restricted stock units granted by the Compensation Committee of Sonic Automotive, Inc. pursuant to the Sonic Automotive, Inc. 2012 Stock Incentive Plan. The restricted stock units may only be settled in shares of Class A Common Stock and are subject to forfeiture based on the satisfaction of performance criteria for fiscal year 2024. If the performance criteria are met, this award will vest in three annual installments, with twenty-five percent (25%) of the shares vesting on March 31, 2025, thirty percent (30%) of the shares vesting on February 7, 2026, and forty-five percent (45%) of the shares vesting on February 7, 2027.
F2 The reporting person disclaims beneficial ownership of such shares of Sonic Automotive, Inc.'s Class A Common Stock, except to the extent of his pecuniary interest therein.