David Bruton Smith - 07 Feb 2024 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
08 Feb 2024, 19:09:25 UTC
Prior SEC filing
04 Apr 2023
Next SEC filing
12 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ David Bruton Smith
Filing notes and source

Key filing fact

David Bruton Smith filed Form 4 for SONIC AUTOMOTIVE INC (SAH) on 08 Feb 2024.

Key facts

  • This page summarizes David Bruton Smith's Form 4 filing for SONIC AUTOMOTIVE INC (SAH).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 08 Feb 2024, 19:09.

Change

  • Previous filing in this sequence was filed on 04 Apr 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SAH transaction

Class A Common Stock

Award

Transaction value
$0
Shares
+71,126
Change %
+14%
Price
$0.000000
Shares after
590,942
Date
07 Feb 2024
Ownership
Direct
Footnotes
F1
SAH holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
836,534
Date
07 Feb 2024
Ownership
by OBS Family, LLC
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.

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