David B. Smith - Feb 9, 2022 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ David Bruton Smith
Stock symbol: SAH
Transactions as of: Feb 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/11/2022, 03:18 PM
Next filing: Mar 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAH	Class A Common Stock	Award	$0	+75.3K	+17.69%	$0.00	501K	Feb 9, 2022	Direct	F1

* 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 2022. 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, 2023, thirty percent (30%) of the shares vesting on February 9, 2024, and forty-five percent (45%) of the shares vesting on February 9, 2025.

Content

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 2022. 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, 2023, thirty percent (30%) of the shares vesting on February 9, 2024, and forty-five percent (45%) of the shares vesting on February 9, 2025.